Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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New Asset<br />
- Not to be transferred with in a period <strong>of</strong> 3 years<br />
<strong>of</strong> its purchase or construction as the case may<br />
be<br />
- In case transferred:<br />
Gain to be short term capital gain<br />
Cost <strong>of</strong> acquisition depends upon extent <strong>of</strong><br />
exemption availed at the time <strong>of</strong> its acquisition<br />
- if fully exhausted - Nil<br />
- Otherwise<br />
- Balance