26 Sep 2022
I am a salaried person at 30% tax slab. I had business losses(i.e. intraday trading 44 lacs in last 2 years), short term 4 lacs, long term 3 lacs in stock trading in FY 2019-20 & FY 2020-21. I am going to sell my home now in 55 lacs whose registration was done 8 months ago at 37 lacs(37 lacs including everything, registration amount, etc). How much of capital gain from home can be set of from losses in previous 2 years? Is there any way to save short term capital gain ? What is going to be capital tax amount?