Capital gain
ANIL JANGID (MANAGER HR/admin/com) (2972 Points)
07 September 2020
suppose I purchase a house Rs.24 lacs and sold it 26 lacs,is it diffrence is taxable?
ANIL JANGID (MANAGER HR/admin/com) (2972 Points)
07 September 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14167 Points)
Replied 07 September 2020
yes , Taxable as capital Gain , However to find out Short term or Long term capital Gain , you have mention date of purchase and sale because different Tax rates for short or long term gain , its commercial or Residential . pleas reply
sabyasachi mukherjee
(26055 Points)
Replied 07 September 2020
Aman Verma
(209 Points)
Replied 07 September 2020
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