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Short term capital gain

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(Querist)
18 April 2013 I purchased a flat under the construction linked plan in 2008. the flt got registered on 30th april 2012 @ 36 L and I paid stamp duty of around 1.80 L. I sold the flat on 10th July 2012 @ 38.50 L.

Please advise if this will be treated as Short term or Long term capital gain and also confirm the rate of taxation.

Thank you

Alka
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CA Ankit Oberoi

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CA Ankit Oberoi (Expert)
18 April 2013 it will be a short term capital loss, as the duration of holding the capital asset exceeds more than 36 months.

Computation of Capital Loss
Consideration:- rs.3850000
(-)Indexed cost
3600000*852/582 rs.5270103

LTCL rs.1420103
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