property gain exemption

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  1. jitsingh1977

    jitsingh1977 New Member

    Hello,
    I want your help resolve my problem, if i resold my property in just 18 months and invested all my money in establishing small scale industry as manufacturing bricks. So then still i suppose to pay short term gain.
    Kindly reply soon.
     
  2. V K Khanna

    V K Khanna Active Member

    No exemption is available. You are liable to pay short term capital gains tax.
     
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