Short term capital gain
This query is : Open
03 September 2011
SIR,
I PURCHASED A PROPERTY IN THE F.Y. 2007-08 AND SOLD IT IN THE F.Y. 2010-11 , IT'S PROFIT IS SHORT TERM OR LONG TERM , IF IT IS SHORT TERM , CAN I INVEST IT AGAIN IN A NEW PROPERTY.
I PURCHASED A PROPERTY IN THE F.Y. 2007-08 AND SOLD IT IN THE F.Y. 2010-11 , IT'S PROFIT IS SHORT TERM OR LONG TERM , IF IT IS SHORT TERM , CAN I INVEST IT AGAIN IN A NEW PROPERTY.
03 September 2011
If property is hold for more than three years the gain will be long term.
If gain is short term then you shall not be reinvest in new property
If gain is short term then you shall not be reinvest in new property
03 September 2011
calculation of three year how should I , calendar month or financial year
03 September 2011
from the date of purchase and till the date of sold
03 September 2011
in the case of borrowed loan from any bank and claimed every year deduction of 80c loan principle and also claim interest on housing loan , and sold the property after four year, in that case what will be there regarding deductions.
03 September 2011
if property is sold after four year, then deduction which u have claimed, shall not be added in the your income in the year in which such assets sold
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03 September 2011
What is the limit of interest on loan for house property for deduction and also principle of loan.
03 September 2011
rs. 1.5 lacs for interest and rs. 1.0 lacs for principal
03 September 2011
IF I HAVE MY OWN HOUSE BUT THAT IS ON RENT , IN THAT CASE CAN I CLAIM HOUSE RENT ALLOWANCE IF YES THEN HOW MUCH , SIR PLEASE CLEAR MORE.
03 September 2011
yes you can claim hose rent allowance. if you are consed-ring the rent income from self hose
03 September 2011
SIR, HOW MUCH I CAN CLAIM HOUSE RENT ALLOWANCE , WHAT IS THE LIMIT OR % FOR THAT.
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