06 June 2016
Land is sold before completion of 36 month from date of purchase therefore it is short term capital gain. Income from short term capital gain along with income under other income heads will be treated as income liable for tax at regular rate, applicable in your case after considering allowable deduction u/s. 80.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
07 June 2016
Sorry Sir But i have no other income or any duduction u/s 80c, what will be the tax what amount to pay under head tax.