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Short term capital gain on property

23 November 2020

my mother first sale property 10500000 and purchased 2 properties of 5500000 and 4700000 in Financial year 2018-2019. so should I calculate short term gain and on which percentage? please help

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4 Replies

ayusmita (Tax consultant) (5885 Points)
Replied 23 November 2020

When you're mother purchase the property

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sowmiya (ca) (29 Points)
Replied 23 November 2020

from the date of purchase

ayusmita (Tax consultant) (5885 Points)
Replied 23 November 2020

Am asking that only which year is your purchase deed of the sold property

rama krishnan (12239 Points)
Replied 24 November 2020

What's the date of purchase and date of sale of original asset? only then it can be decided whether the property sold is short term or long term capital asset?

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