I had purchased house in Janaury 2018 for 5 Lakhs now in expecting to sell itn March 2020 for Rs 7 Lakh ( around after 26 month) ...................so this 2 lakh profit would be taken as LTCG or STCG
camahesh (CS) (57 Points)
18 May 2019I had purchased house in Janaury 2018 for 5 Lakhs now in expecting to sell itn March 2020 for Rs 7 Lakh ( around after 26 month) ...................so this 2 lakh profit would be taken as LTCG or STCG
Darshan Trivedi
(student)
(294 Points)
Replied 18 May 2019
For long term capital gain, immovable property should be held for 24 months or more.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)