03 May 2008
I HAVE PURCAHSE A LAND OF RS.200000/- IN MAR.2006 & SOLD FOR RS 300000 ON APRIL 2008.STAMP DUTY VALUATION IS RS 360000/- LAND IS SOLD WITH IN THREE YEARS SO IT IS SHORT TERM CAPITAL GAIN WHETHER SEC 50 C IS APPLICABLE TO SHORT TERM CAPITAL GAIN OR NOT ANY CASE LAW
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