if a person has a ST capital gain of Say.10 laks from sale of land (non agriculture) &he does not have any carryforward loss/ current year loss from any other heads of income.can he do any investment or by any method he can avoid tax??..
.i mean all provisions of sec 54,54B,....etc are only for LT capital gains right??
There is no way of avoiding tax on short term capital gains.. Exemptions u/s 54 are applicable only for long-term capital gains .
agree with above
Triveni Turbine Limited
Bengaluru
CA
View Details
Gowra Ventures Pvt Ltd
Hyderabad
CA
View Details
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CAclubindia
