Short Term Capital Gains on prop

What is the rate of tax on profit arising on short term capital gains from sale of residential property also exemptions under 54 or any other provision available to save out taxes..?

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Quick Summary
This discussion clarifies the tax treatment of short-term capital gains (STCG) from selling residential property. STCG is taxed at your slab rate, and typically, exemptions under Section 54 or similar provisions are not available for STCG on property. However, specific conditions for purchasing or constructing a new residential property within a set timeframe might offer relief.

Taxed at Slab rate....

No exemption available for STCG arising from residential property...

Purchase new property or construct residential property within a specific tenure.

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