Capital Gain

This query is : Resolved

Lalit (Querist)
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08 July 2011
hi,

i would like to know weather Short term capital gain on sale of house property charged @15% or weather the gain will be treated as normal income and the normal tax would apply (if the property is sold before 3 years)pls ans as soon as possible

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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08 July 2011 IT IS TREATED AS A NORMAL INCOME

CA Navin Jain

CA Navin Jain (Expert)
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08 July 2011 tax rate is 30% on Short term capital gain on sale of house property.

in the case of individual will be treated as normal income and the normal tax would apply

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