My client has a property which he purchased Two Years Back and wants to sale his property and purchase new one. As per Section 54 we can claim Exemption on Capital Asset only on Long Term Cap. Asset. Kindly Guide me about Exemption on Short Term Cap. Gain on Such Asset.
Short term capital gain exemption
Harshad Kanekar (Taxation and Accounts Executive) (314 Points)
19 March 2016
CAclubindia
