Short term capital gains
This query is : Resolved
CA Gaurav Ajit Potdar
(Querist)
08 February 2013
One of our client has sold his residential Flat & with that sale amt including the short term capital gains he has purchased another house which will be used for residential purpose. In this case as the gains are short term he can not claim exemption u/s 54., so is he required to pay tax on such short term capital gains or is there any exemption that he can claim.
CA Ayush Agarwal
(Expert)
08 February 2013
No Relaxation in This Case.
Pay Tax @15% on STCG.
Pay Tax @15% on STCG.
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