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inflation cost consider for STCG

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 March 2011 Dear all
Please let me know if I purchased property in feb 11 and sold in April 2011 is it inflation cost consideror not for STCG
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CA Namrata Dedhia

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CA Namrata Dedhia (Expert)
22 March 2011 Since 36 months period has not lapsed, you cannot take benefit of indexation even if purchase and sale have taken place in 2 different yrs.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
22 March 2011 Not it will not be considered as indexation is available only in case of LTCG.
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