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Tax liability on property sold which was purchased to save LTCG

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(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 ?
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
11 August 2023 Yes, along with LTCG liability over the original property sold.

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