Capital gain tax

is the sale deed registered for the property purchased on April 2009 or has the possession been taken?? if any of these events have happened then it would be a STCG. 

However, interpretation may vary based on other facts.

for stcg, your sale with in three years is applicable and if more than 3 years you get ltcg.

it's rule that if u sold property which is had get already exemption from previous property . such withdrawal will be disallow if u sold such new property within 3 year.

You have sold assets  which's holding period is short term( less tahn 3 year) that.s why you can not get exemption

proceeds of the assets is taxable as short term capital gain.

I have sold a Residential house  which is purchased jointly  with my wife  4 years back,then can they buy two Residential house in proportion to their purchase cost to save Long Term capital gain tax

Always it is preferable one has a CA or an advocate to help in such crucial matters after all income tax suddenly pounces on you may be after some years of your filing returns. in fact if you sell yr landed houe property it is always advisable to plough that money in another property else your oen house or flat may bring in miseries! dr. balakrishnan advocate bombay high court

mahenra! you can provided you can show that the property sold by you how it belonged to both of you and if satisfactory answer is possible you can get the the capital tax gains benefit but surely you can get one flat or house buying! advisable to check with a tax advocate or a seasoned CA. regds