Short term capital gains

vibha 1
Viewed 1926

I own a flat for the last two years and wish to sell it immediately due to some personal reasons. How much tax will I be liable to pay and how can I avoid paying tax i.e. save by investing in bonds etc.

Also for long term capital gains how can I avoid paying tax. What are the investments one should make

stcg short-term-gain tax-saving income-tax
1 Answers

If you are selling before three years, its a short term capital gain and income tax cannot be saved on it.

Whole gain amount will be added to your taxable income and will be taxed as per your slab rates.

Pankaj Batra5212
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