Gud Morning CCI,
I have adoubt in STCG. One of my clint sale his residential house within 3 years of purchase. So, how can we avoid tax in that situation?
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Issue about short term capital gain
Replies (7)
Tax cant be avoided if teh property is sold within 3 years. STCf tax will be requried to be paid. No tax benefit on this can be claimed.
Tax can be avoided by claiming exemption u/s 54, but you have to comply the requirements...
PAY SHORT TERM CAPITAL GAINS ACCORDINGLY..
NO OTHER BENIFITS IN SPECIFIC
you have to pay ,not any benefit for short term capital gain
No Legal way...
Thank you all of u............
Bro there is a way out ,i ve discovered ,no matter what the capital gain is ,it could be avoided....
i took lot of time to find it out,but then what are we contributing to society....We being professionals ,We should think of Tax planning...not avoidance...
This is one of the reasons our tax laws are becoming cumbersome...which is not easily understood by common man...
if we do avoid taxes ,i think we ve no right to Condemn corruption....
As a great man says "Be a man of Value,not Success".
if i ve hurt anyone ones perception ,i sincerely apologise....though my i had no intention to do same...
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