short term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 March 2011
Dear sir
there is short term capital gain for 910000/- in financial year 2009-10 and amount invested in other residential property is 1000000/- within 1 month of sale. How much exemption i got from short term capital gain ? please guide.
there is short term capital gain for 910000/- in financial year 2009-10 and amount invested in other residential property is 1000000/- within 1 month of sale. How much exemption i got from short term capital gain ? please guide.
CA. Ashish Bihani
(Expert)
17 March 2011
Exemptions U/s.54 are allowed only on long term capital gains.
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