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Immovable property

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(Querist)
19 July 2021 Sale of Immovable property in 2021-
Purchase Immovable property in 2020.
is there capital tax liable for 2021.

Capital gain tax period is 1 or 2 year.

Pl. confirm the period relaxation
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
20 July 2021 Please provide date of purchase and sale.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
23 September 2021 For long term capital gain, in case of immovable property, the holding period is 2 years or more. Otherwise, it will be short term. In your case it will be short term gain.
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