i purchased flat in nov-2016 at 9,00,000 Rs. and i wanted to sale that flat now at 12,00,000 Rs.in Jan-2017 in pune because of financial problem. so how much income tax i need to pay to the government? if i need to pay tax to the government then is there any way to save that tax amount?
please guide me on this issue.
Rs 3 Lakhs being the difference between cost of acquisitin and sale consideration will be your short term capital gain and there will be no exemption from it.
Thank you very much for your prompt reply.
amol raut
CAclubindia
