CAPITAL GAIN
This query is : Resolved
14 July 2010
Ram enter in to an agreement for buying a flat with Builder in Nov,2006 and accordingly pay 90% of purchase conderation within two month & bal in March,2008 at the time possession.
Now he want to sale this flat in July,2010.
Whether the profits be Long term or Short term ?
Please clarify and provide some case laws in support, if any.
Now he want to sale this flat in July,2010.
Whether the profits be Long term or Short term ?
Please clarify and provide some case laws in support, if any.
14 July 2010
short term
14 July 2010
from the agreement date if yo have completed the 3 years then it will be long term
14 July 2010
Well i think its is alongterm.. date of purchase will be 2006 only and not 2008.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- GST ISSUE OF INPUT AND OUTPUT GST
- Change Of Karta In Case of Death
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
