Stcg on sale of residential flat: any way out?

dear according to my knowledge there is no way out.. you have to pay taxes as per your slab rate.... :-(

Hello Sir , 

                In my Opinion also there is not any legal ground for handling such a situation , but technically in my opinion there is a way -  IF WE CONSIDERED THE ABOVE INCOME UNDER THE HEAD PGBP AND NOT UNDER CAPITAL GAINS , MEAN TO SAY THAT WE ARE CONSIDERING THE SALE OF RESIDENTIAL HOUSE AS A BUSINESS OF TRADING IN RESIDENTIAL HOUSE , NOW WE CAN CLAIM DIFFERENT EXPENSES AGAINST SUCH A SALE AND CAN PREPARE PROFIT AND LOSS ACCOUNT FOR THAT BUSINESS.....

               THIS WILL OBIOUSLY REDUCE THE INCOME AND AS SUCH TAX LIABILITY

Originally posted by : RAVI KUMAR GUPTA
	Hello Sir ,                  In my Opinion also there is not any legal ground for handling such a situation , but technically in my opinion there is a way -  IF WE CONSIDERED THE ABOVE INCOME UNDER THE HEAD PGBP AND NOT UNDER CAPITAL GAINS , MEAN TO SAY THAT WE ARE CONSIDERING THE SALE OF RESIDENTIAL HOUSE AS A BUSINESS OF TRADING IN RESIDENTIAL HOUSE , NOW WE CAN CLAIM DIFFERENT EXPENSES AGAINST SUCH A SALE AND CAN PREPARE PROFIT AND LOSS ACCOUNT FOR THAT BUSINESS.....                THIS WILL OBIOUSLY REDUCE THE INCOME AND AS SUCH TAX LIABILITY

Thanks! But if the assessee sells just one house every 7-8 years, will it not be hard to justify the same a Business/Profession?