Latest Query & Reply

Respected Sir,

as my client has purchase non-agriculture land on 01.04.2017 900000

he build his house on it expenses around 1500000

Sold in 11 month at 3050000

What would be taxable income as short term capital gain, please guide me.

What are alternative to save tax.


Dear Sir,

Calculation of Short term capital gain is  as follows-


Amount in Rs.

Full value of consideration


Less: cost of acquisition


Less: cost of improvement


Taxable short term capital gain


There is no alternative to save tax on short term capital gain you can set off your short term capital losses against such income.