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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2017 Long Term & Short Term Capital Gain (House Property) Period in F.Y. 2016-17 IT Calculation ??
Can Short Term eligible to claim relief of Sec. 54 ???

Thanks in advance
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 November 2017 Short term capital gains not exempt u/s 54.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2017 How much period will count for long term ?? is it 36 months Purchase Mar'14 & sell in Aug'16 ?? Is it long term or Short term ??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 November 2017 36 months count for long term. It's short term less than 36 months.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2017 Have to Pay tax on Short term ??? what percentage have to pay for short term capital gain on house property gain ??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 November 2017 Tax applicable based on slab rate.

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