Dear sir,
I have two 2 bhk flat in tower (cost of each flat about 70 lac), this is one year old property. I want to sell this two flats now.and invest in 1) plot (invest in plot about 1 crore )and. 2) purchase 10 gunthas in agriculture land (cost approximately about 10 lacs), and 3) 20 lac for own business. how to save tax as per this situation?
1 Answers
Hi,
Kindly note there are no provisions to save tax on Short term capital gains.
Short Term Capital Gains are included in your taxable income and taxed at applicable income tax slab rates.
Suggested reading :
https://www.relakhs.com/how-to-save-capital-gains-tax-on-sale-of-land-house-property/
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