Suppose seller purchased building in year 2017
Value of building on time of purchase = 800000/-

He sold the same for 60 lacs in 2018
Calculate Short Term Capital Gain (STCG) and Tax

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Suppose in last question person has salary income also of 15Lacs

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.