Stcg query

Tax queries 369 views 1 replies

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?

Replies (1)
  1. No indexation in case of short term capital assets
  2. Short term capital loss can be carried forward and I think TDS can be refunded or it can be adjusted against any tax liability, if any.


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