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Sold Property Before 2 Years: How to Reduce Short-Term Capital Gains?

T S Khurana

T S Khurana   |563 Answers  |Ask -

Tax Expert - Answered on Feb 19, 2025

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
Asked by Anonymous - Feb 18, 2025Hindi
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I have sold a property with holding period less than 2 years. what are the ways to save short term capital gain on property . Also property holding period is calculated from agreement date or sale deed date of buying the property .

Ans: 01. Holding period of property shall be calculated from the dale of Sale Deed & not agreement date.
02. There is no relief or deduction or exemption offered by the department in case of STCG form sale of property.
03. You may get some relief if your taxable income from all other sources is less than Rs.3.00 lakhs. Please note that this taxable income is Gross Income minus tax savings if any.
Most welcome for any further clarifications. Thanks.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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My sister has an option to go for EEE/ECE in VIT Vellore campus or AI/ML in VIT Amravati/Bhopal campus. Which option should she go for? Want to maximise on placement opportunities in these uncertain times. Other colleges in list: 1. CSE, AI in SRM University (Ramapuram) 2. CSE /AI in Alliance University 3. CSE/ AI in Mahindra Ecole School of Engineering. Would really appreciate some help.
Ans: Satvik, before I answer your question, I suggest you ask your sister which branch she is interested in or passionate about, and what types of problems she wants to solve in the future to make the best choice. However, she should also remain adaptable and open to changing her focus if her interests evolve during her undergraduate program by upgrading her skills and staying informed about job market trends. Answering your question, please note, for placement security, VIT Vellore ECE is the best choice, offering a strong balance of brand reputation, alumni network, recruiters, and access to tech placements, with VIT reporting top recruiters and a high CTC of ?1 crore across all campuses. VIT Vellore EEE is a good option only if she is committed to developing strong coding and electronics skills. The AI-ML branch at VIT AP or Bhopal is attractive, though the campus brand is not as established as Vellore; notably, VIT Bhopal reported a highest package of 51 LPA and over 1,100 placements for 2025. Mahindra University’s CSE/AI program is a promising emerging option, with an average salary of 9.1 LPA and a highest package of 40 LPA in 2024. SRM Ramapuram’s CSE/AI offers a reasonable backup, while Alliance’s CSE/AI should be considered last. Overall, the final recommendation is to prioritize VIT Vellore ECE over AI/ML at the newer campuses. All the Best for Your Sister's Prosperous Future!

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