Regarding Short Term Capital Gain

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  1. Vimal Gohil

    Vimal Gohil New Member

    Hi,

    I came across this website today only to know about capital gain. I have some questions regarding tax payment when we sale a home within 3 years of purchase.

    I bought a home in Aug 2014 with 22 Lac. Now, if I sale that home in near future before 3 years of purchase then what could be the capital gain and how much tax I need to pay. Considering my annual salary to 6 Lac.

    I took a loan of 18.6 Lac from HDFC bank.
     
    Abhijit Guha likes this.
  2. Sudipto123

    Sudipto123 New Member

    If you sell before 3 years, your capital gains would be Sale Price - Purchase Price
     
    Abhijit Guha likes this.
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