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Short term capital gain..............

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(Querist)
23 November 2013 Is there any exemption available for shorterm capital gain on sale of self occupied house property. I have purchased another house for selfoccupation.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
23 November 2013
No, in case of short term capital gain, you can take benefit of Section 80C, 80D, etc but can not get exemption. It is taxable.

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