we bought a plot and sold it within 6 months .
what would be the tax we are liable to pay and where we can invest to save it?
Menu
How to save tax on short term capital gain
Replies (5)
The Short term capita; gain is added to other income and taxed as per slab rate.
No option available to save the tax liability.
can we invest in some other property ?
you can invest but you won't get any tax benefit. you will be required to pay Short term capital gains tax
and I am assuming this will be counted as a short term capital gain right?
Yes. It will be counted there.
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
