I had purchased house in Janaury 2018 for 5 Lakhs now in expecting to sell itn March 2020 for Rs 7 Lakh ( around after 26 month) ...................so this 2 lakh profit would be taken as LTCG or STCG
I had purchased house in Janaury 2018 for 5 Lakhs now in expecting to sell itn March 2020 for Rs 7 Lakh ( around after 26 month) ...................so this 2 lakh profit would be taken as LTCG or STCG
For long term capital gain, immovable property should be held for 24 months or more.
THANKS
CAclubindia
