Short term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 January 2014
One of my client have sale a property costing rs 2000000 at 9000000 within purchase of 2 years. So it is a short term capital gain. This money he has invested in purchase of another land before 1 year of sale in foreign country. Is there any exemptions are available for property purchase in foreign country? Replay as soon as possible.
Manish Bhandari
(Expert)
01 January 2014
For short term capital gain there is no exemption.
01 January 2014
yes agreed as there is no exemption for short term capital gain.
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