Friends, Terrace Flat was purchased during October,2013.
Now, I want to sale part of that Terrace to my neighbour for Rs. 1 Lac.
What will be tax implications ?
Pl inform.
T & R
KP
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Sale of part terace of flat
Replies (1)
You would have Short term capital gain..sale price minus purchase price of the part of terrace which you are selling.
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