Short term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 January 2012
My mom has sold a flat of Rs. 15.50 Lacs ( which was purchased by her in last year 2010 for Rs. 13.00 Lac. So, the difference of Rs. 2.50 Lacs is her short term capital gain?? If yes, how much tax she has to pay for that? She is a house wife, so no other income.
07 January 2012
If no other income, STCG tax payable would be Rs. 6000 (250000 - 190000) x 10%
09 January 2012
agreed with Punit
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