Tax on capital gain short terms
This query is : Resolved
17 November 2015
I PURCHASDED HOME FOR 38 LAKHS DURING JAN 2015 AND NOW SELLING SAME FOR 70 LAKHS WHAT IS TAX I HAVE TOPAY WHETHER I CAN CLAIM REBATE UNDER SAECTION 54 BY PURCHASEING NEW HOUSE
17 November 2015
Can't claim section 54. Instead, have to pay tax on the short term gain.
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