Capital gain implication

You've got the possession of the property,

the registration is immaterial...

If you sale the flat now it will be a Short term Capital gain,

No exemption will available in this respect...

Thanks Aryan..

Now since this will be a ST, I assume this will be taxed a normal slab rate.

How the sale consideration will be determined, Price quoted in the sale deed or the as fixed by the registrar.

Sale Consideration        XXX

Less:

Cost of Acquisition         XXX

STCG                                XXX

No, Indexation benefit will be allowed as the property is being sold within 36 months...

Agree with Mr. Aryan. It will be short term capital gain. Sale price is as quoted in the sale deed/agreement.