KARTIK (PROP.) 15 June 2011
Hai,
I have purcahsed a falt in 2010 for residence in 10 lacs. Now i sold this falt @ 20 Lacs. it shows I have earned 10 lacs as short term capital gain. now i am purchaseing other falt in 15 lacs.will this new purcahse amount can be deducted from my short term capital gain or i have to pay tax on 10 lac. or any other way to save my tax. ??
shammi kumar (tax consultant) 16 June 2011
yes , u can not claim deduction of new flat and u have to pay tax on short term captal gains.
KARTIK (PROP.) 29 June 2011
any other way to save my tax for that ?
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