Short term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2014
Respected Sir,
A plot of housing site was purchased in the year 2012 for 4.5 Lakhs INR.
the same been sold in 2014 for consideration 15 Lakhs INR my query is regarding short term capital gain exemptions available if any, in the income tax act 1961.
A plot of housing site was purchased in the year 2012 for 4.5 Lakhs INR.
the same been sold in 2014 for consideration 15 Lakhs INR my query is regarding short term capital gain exemptions available if any, in the income tax act 1961.
22 February 2014
no..there is no exemption available for short term capital gains.
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