Property sale
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2014
If property is purchased in Dec 13 for Rs 500000 and sold the same in February 13 for Rs 1000000.As per IT Act,Short term capital gains will be levied on difference at slab rate.Kindly guide on how to save the tax payable apart from 80 C deductions.
Nikhil Kaushik
(Expert)
29 March 2014
nopes under short term capital gains, there is no saving provision.
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