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Pradyum kumar   26 August 2016

Capital gain tax

Dear Sirs, I brought an agri land for 10 lakhs rupees in TN, in May 2016. Now (after 4 months) I want to sell it for 10.5 lakhs. Will I be taxed for it? If so how much will I have to pay as tax? Thanks in advance.


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adv.bharat @ PUNE

adv.bharat @ PUNE (Lawyer)     27 August 2016

You had short term capital gain for that u need to pay 10% of  profit. In ur case u need to pay 15000/-.

 


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