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Is profit money earned from sale of plot taxable and is under short term capital gains?

April 26, 2017Business capital gains earned Finance India money plot profit sale taxes

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Is profit money earned from sale of plot taxable and is under short term capital gains?

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Yes the difference (profit) is capital gains. Adjust your basis for any expenses such as lawyer fees. Same for the proceeds-adjust the sale price by any expenses. If held less than one year then short term. One year or more is long term.