Short term capital gains

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

asked May 03 '11 at 05:58 by vibha 1111

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.

answered May 03 '11 at 13:33 by Pankaj Batra 5.2k320


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Asked: May 03 '11 at 05:58

Seen: 2,529 times

Last updated: May 03 '11 at 13:34