Exemptions in case of short term capital gain
This query is : Resolved
Arun Sharma
(Querist)
26 December 2012
Dear Sir,
I claimed exemption of Long Term Capital Gain u/s 54 in my income tax return filed in July 2011.The property was sold in Dec.2010.But now i want to sell my newly constructed house due to shortage of funds.Please guide me if there are any Govt. Schemes where i can invest my amount of Short Term Capital Gain to save Income Tax.
Thank you.
Arun Sharma
I claimed exemption of Long Term Capital Gain u/s 54 in my income tax return filed in July 2011.The property was sold in Dec.2010.But now i want to sell my newly constructed house due to shortage of funds.Please guide me if there are any Govt. Schemes where i can invest my amount of Short Term Capital Gain to save Income Tax.
Thank you.
Arun Sharma
Amol S Joglekar
(Expert)
26 December 2012
Currently; No such exemption is available.
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