What is the rate of tax on profit arising on short term capital gains from sale of residential property also exemptions under 54 or any other provision available to save out taxes..?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 04 March 2022
Taxed at Slab rate....
No exemption available for STCG arising from residential property...
sabyasachi mukherjee
(27574 Points)
Replied 06 March 2022
Purchase new property or construct residential property within a specific tenure.
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