Axiom
INDIA - 91 33 4020 4020   UK - 020 3290 4536   USA - 646 480 0364
Sign In  I  Sitemap   
AxiomEstates - India Real Estate
     India Properties Worldwide
Home  » Forum »  Tax
E-mail Print Tell A Friend
Print this story

Tax Forum

 Are there any income tax considerations while transferring newly acquired property?
Chetan Parekh

You will be liable to pay short term capital gains (STCG)if the property is transferred/sold within 3 years from the date of purchase, provided you sell at a profit. Otherwise you would incur a loss and carry that in your books for offsetting against future STCG.


Print this story

Comments(1)

Dinesh Paul  -  28 May, 2013
Thanks for the answer. Your answer helped me getting out of my similar problem.

Name
Email
Disclaimer: Any view / opinions expressed here are intended as guidance and not a professional advice. AxiomEstates.com is not responsible for any opinion expressed here and visitors are strongly advised to take their own independent advice.


Other Property Services

Sell a Property or Resale, Exclusive Deals available
Land Sale & Joint Ventures
Furnish Your Dream home
Furnish Your Dream home
Furnish Your Dream home
Furnish Your Dream home
Become an Associate or Franchisee

 

Axiom