Easy Office
LCI Learning

Short Term Capital Gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 October 2008 Case : Individual want to sale out commercial shop purchased in last year means holding period less than year.

It will attract short term capital gain tax at Progressive rate applicable ?

Can't we reduce libility.?
Profile Image

CA RAMESH KUMAR AHUJA

Profile Image

CA RAMESH KUMAR AHUJA (Expert)
04 October 2008 You can adjust the gain by treating it as a depreciable asset and getting the gain adjusted in the block against another depreciable commercial property. You may refer to section 50.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links