if there is short term capital gain on a plot of land...
purchase price is 15 lacs
sale price is 42 lacs ...sale completed with in 3 years of purchase.. what is the ways for tax planning so as to save maximum tax on it....
thanx...
if there is short term capital gain on a plot of land...
purchase price is 15 lacs
sale price is 42 lacs ...sale completed with in 3 years of purchase.. what is the ways for tax planning so as to save maximum tax on it....
thanx...
no tax planning can be done in case of STCG. You will be requried to pay STCG tax on it.
You have to pay STCG on sale of land.
CAclubindia
