PLOT OF LAND=
BUY :24/07/2014
SALE : 30/05/2017
ITS A LONG OR SHORT TERM CAPITAL GAIN???
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184661 Points)
Replied 29 June 2018
An asset which is held for not more than 36 months or less is a short-term capital asset.
The criteria of 36 months has been reduced to 24 months in the case of immovable property being land, building, and house property, from FY 2017-18.
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