CAPITAL GAIN

HI PANKAJ DEAR I SELL A COMMERCIAL PROPERTY THIS MONTH WHICH I WAS BOUGHT ON BEFORE 29 MONTHS PLEASE HELP ME TO KNOW ABNOUT THE CG AND ALSO I WANT TO TAKE A PROPERTY IN NEXT MONTH HIGHER THAN MY EARLIER PROPERTY COST IS THERE ANY CG ON MY SOLD PROPERTY OR IN WHICH SLAB IT WIIL BE COUNTED

asked Mar 13 '11 at 05:24 by ANITA 1111


As you did not keep capital asset for more than three years, sale of it will be considered as a short term capital gain. Whole gain will be added to you taxable income and and will be taxed as per income tax rate slabs.

answered Mar 14 '11 at 05:19 by pankaj 5.2k320

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Asked: Mar 13 '11 at 05:24

Seen: 1,092 times

Last updated: Mar 14 '11 at 05:19