Short term capital gain
This query is : Resolved
16 November 2011
Respected Sir,
I hought an flat for Rs. 22Lac (1 year before) now i m selling for Rs. 32, Lac. So how can i save Tax on this. Also i have short term capital loss in Equity Trading.
Pls giude me.
I hought an flat for Rs. 22Lac (1 year before) now i m selling for Rs. 32, Lac. So how can i save Tax on this. Also i have short term capital loss in Equity Trading.
Pls giude me.
16 November 2011
You cannot save tax on the sale proceeds of flat.
The STC Loss on sale of shares can be set off against STC Gain on sale of house property.
The STC Loss on sale of shares can be set off against STC Gain on sale of house property.
16 November 2011
Okay.. Thx alot
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