Short term gains
Watch this quick video to know about "Short term gains" in detail.
Hi Anjali! See when a house is sold before 3 years, it is considered as a short term asset and what you gain from it is known as short term capital gain and there is no tax exempted. Comparatively in a long term capital gain, is when you’re selling the house after 3 years and you’re gaining anything, it is considered as long term capital gain. And in this flat 20% tax is exempted. Thank you for watching and keep asking.