30 March 2015
I had a doubt and need your guidance.
I have a flat and willing to sell that in order to buy bigger flat.
The flat has three papers : 1) Date of allotment by builder on 16th April 2011 stating my flat number its area and my downpayment information. 2) Date of registration and stamp duty by the local authorities of 11 Oct 2011 3) Date of possession letter of property on 26 sep 2012
Q1') For calculation of 36 months what is the date that holds good if i want to sell it today? Q2) Will i be charged short term or long term ? Q3) I have taken yearly tax benefits what will happen to it ?
CAclubindia
