Short term capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 September 2013
One purchased a piece of land, built a compound wall and some improvements like like road etc and sold the piece for a higher value within 8 months period.Can the cost of improvements be deducted while computing Short Term Capital gains?
12 September 2013
Yes You can take deduction of cost of improvement.
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2013
Thanks a lot, sir
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