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Selling of flat within 3 years

This query is : Resolved 
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(Querist)
22 May 2016 My resale flat was sold within 3 years. Then I wanted to buy new flat within 4-5 month. So is there is rule to buy new flat within one year and short term capital gain tax payable for me or not ?
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
23 May 2016 Sale of short term capital asset results into short term capital gain which is not eligible for deduction under section 54/54F.
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Rupesh Jain

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Rupesh Jain (Expert)
25 May 2016 with 3 years sales of flat will short term capital loss/gain. its include in your income and pay tax as per income tax slab
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