Easy Office
LCI Learning

Selling of flat within 3 years

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 May 2016 My resale flat was sold within 3 years. Then I wanted to buy new flat within 4-5 month. So is there is rule to buy new flat within one year and short term capital gain tax payable for me or not ?
Profile Image

CA CMA CS Ram Pavan Kumar Melam

Profile Image

CA CMA CS Ram Pavan Kumar Melam (Expert)
23 May 2016 Sale of short term capital asset results into short term capital gain which is not eligible for deduction under section 54/54F.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
25 May 2016 with 3 years sales of flat will short term capital loss/gain. its include in your income and pay tax as per income tax slab
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links