Mirror Now
@mirrornow·2.2M subscribers·145K videos
FAQ: Can one claim short term capital gains? - Property Hotline
Posted
June 2, 2016
Views
103
June 2, 2016
103
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
2:03Now PlayingExpert: Vinay Singh, Legal & Tax Expert
Q: I want to sell my house which I bought in Sept 2013. I want to use the proceeds to fund my new house. The cost of the new house is higher than the old one. I plan to take a loan of Rs 8 lakh. Since this amounts to short-term capital gains, do I need to pay tax?
Answer: You cannot claim the benefit of Section 54 for reinvestment of short term capital gains in another residential property. Hence the entire STCG will become taxable. It is advised that you hold for a month or two so that you can save some money.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
