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?
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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.
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