i ha
ve sold land on 14/06/2018.the period of holiding is 2 years 8 months .whether it is long term or short term and tell me the tax rate aplllicable for short term or long tem ?
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please tell me whether ot is long tem or short term
Replies (2)
long term as period of holding is more than 2 year (budegt 17-18 cut holding period to 2 from 3 years)
long term & tax rate is 20% , further u have get deduction u/s 54
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