What is the tax planning for short term capital gain on sale of land ? Pls rply its urgent
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 15 May 2012
No Tax Planning can be done any type of STCG except if you have any b/f STCL of previous years, as unlike LTCG there are no exemptions available on STCG, so pay tax @ 15% on the STCG.
CAclubindia
