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
CAPITAL GAIN
ANITA
1
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1 Answers
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.
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