whether long term or short term
This query is : Resolved
12 September 2008
Building construted on lease hold land sold then whether it will treated as short term gain or long term gain
And if short term gain can it setoff against carryforward losses.
And if short term gain can it setoff against carryforward losses.
13 September 2008
If the Land and building sold was acquired before 3 years or more then the gain is LTCG otherwise STCG. LTCG can be set off against Long Term Capital Loss b/f u/s 74.
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