Short term capital gain on sale of land
This query is : Resolved
Mahabir Prasad Agarwal
(Querist)
29 December 2022
I had sold a plot of land during FY 2021-22, which was purchased by me during FY 2020-21 and earned a STCG of Rs. 1,15,000.00. I have other business income also exceeding Rs. 2.50 lacs. What will be the Income tax payable by me on STCG ?
CA R SEETHARAMAN
(Expert)
29 December 2022
Applicable slab rate of tax payable on such capital gains.
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