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Finance Minister Gives Tax Relief On Gains From Property Investments

Finance Minister Gives Tax Relief On Gains From Property Investments

Thursday, February 2, 2017, 11:26 AM

In Union Budget 2017-18, Mr Jaitley said that the holding period of property for qualifying as long-term capital gains will get reduced to two years, from three years currently. According to the present tax rules, if property is sold within three years of buying, the profit from the transaction is treated as STCG and is taxed according to the tax slab rate applicable.
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