Upgrad LLM

i want to sale land


i want to sale a land which i bought 16 months before so my questions is,is this sale will be aplicable for tax and if yes how much it will be

 
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FIN

Check with your own IT lawyer.

 
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Yeah. It's called short term gains tax. Applicable for sale within 3 years of purchase. So put same value on sale agreement as what you purchased. So no profit. Declare as no profit no loss in tax filings. Take remaining amount by cash.
 
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