Tax liability on property sold which was purchased to save LTCG
This query is : Resolved
Quick Summary
ranjan tripathy
(Querist)
11 August 2023
If property sold which was purchased to save LTCG through capital gain saving account within a years. Now profit on sale of the same property would be STCG ?
Dhirajlal Rambhia
(Expert)
11 August 2023
Yes, along with LTCG liability over the original property sold.
Dhirajlal Rambhia
(Expert)
10 September 2024
Good Luck.
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