Please answer these:
(a) On sale of a house withing 2 years, while calculating STCG, indexation is allowed or not?
(b) When a house is sold in 2 years and when the CPand SP is same i.e. there is no CG, while reporting it in ITR2, can one show expences ccured while in transfer, if yes, I guess STCG will go negative so we can carry it forward. 1% TDS has been done on this transaction so willthis be refunded?
Saini Pati Shah & Co LLP, Chartered Accountants
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