i had purchased resale flat in march2008 but i want to sell it now.so how to save short term capital gain?
Thursday, August 6th, 2009 at
4:34 pm
Repossession
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Filed under: flat sale
You can buy other property, declare it to IT department.
STCG tax on sale of residential flat cannot be saved. There is no provision. You have to add the STCG to your gross income and pay tax as per your slab rate.
consult a chartered accountant. he will give tips to save.