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Short term capital gains

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Querist : Anonymous

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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.

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 September 2013 Thanks a lot, sir




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