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Short term capital gain

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Querist : Anonymous

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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.
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Manish Bhandari

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Manish Bhandari (Expert)
01 January 2014 For short term capital gain there is no exemption.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
01 January 2014 yes agreed as there is no exemption for short term capital gain.
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