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Capital gain

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(Querist)
05 September 2017 I bought the Residential Property on 30.08.2015 and Selling the same on 15.09.2017.

Let me know about Capital Gain i.e. Long term or Short term.
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sivaram

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sivaram (Expert)
05 September 2017 Residential Property held for 2 years is long term
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Sanjay

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Sanjay (Querist)
05 September 2017 Can you provide the extract of Act and its applicability?
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sivaram

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sivaram (Expert)
05 September 2017 you can read the definition of LONG TERM CAPITAL GAIN 2(29A) AY 18-19 and Long Term Capital Asset
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Dibin Divyakumar

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Dibin Divyakumar (Expert)
05 September 2017 Property Held for 2 Year is a "Short Term Capital Asset" u/s 2(42A)
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Dibin Divyakumar

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Dibin Divyakumar (Expert)
05 September 2017 Ok, I stand corrected WEF. AY 01.04.2018, PY 2017-18, the period has been reduced to Twenty four months.

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