Short term capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2016
Dear Sir, I had inherited my parental property on September 2013 and I sold it on January 2016 for 41 lacs. How can I reduce my tax on short term capital gain?
15 June 2016
In case of inherited parental property the date purchase of your parent will be considered for capital gain calculation hence the gain will be long term capital gain. Apply cost inflation index to calculate long term capital gain.
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