22 November 2010
my relative has purchased a property in noida in (2004-2005) of rs. 25,00,000/- on the basis of agreement to sell but he has register by noida authority on dt 07/09/2007 (2007-2008) the same property he had sell on 03/06/2010 of rs. 42,00,000/-. he have a procession of this property since 2004-05 and he have earned rental income on this propety ahd also shows as income in his return of income , pls advise this is short term capital gian or long term capital gian.
CAclubindia
