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Short term capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 March 2013 purchse a propoerty on 1/1/2011 Rs.57 lacks
sold the same on 1/01/2013 for Rs. 125 lacks
and purchase on ponperty on2013 31/03/ for Rs. 90 lacks it is a residential property

please advise the short term capital gain
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
29 March 2013 STCG is Rs. 68 lakhs.

No exemption is available in respect of new residential house property purchased.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 March 2013 thanks in which cases short term capital gains gets exemption like agriculture land

Regards

Premlata
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