Short term capital gains
This query is : Resolved
02 August 2011
If I sell a residential apartment within two years of its allotment/booking and buy another residential property costing more than the capital gain from sale of the old property, will I be taxed for short term capital gain? Can I claim the exemption u/s 54 fr short term capital gain?
03 August 2011
It is a short term capital gain. Benefit under section 54 will be denied.
03 August 2011
I agree with the expert
08 August 2011
no benefit u/s 54
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