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Calculation of period of holding for capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 December 2013 Assessee had purchased Residential flat in 1980 and he entered into redevelopment contract in 2006 however contract was registed in 2011 . Now the said assessee wants to sale the flat in 2014 .

My query is that whether gain on sale of this flat will be considered as Long Term Capital gain or Short Capital gain ?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
13 December 2013 when name is officially transferred then its deemed to be transfer of capital asset as per income tax act.
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