Selling of flat within 3 years
This query is : Resolved
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 ?
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.
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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