Capital gain


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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2013 Client have purchased underconstruction in 2008.
Token 5Lac in May 2008.
Purchase Deed Aug-2008 of Cost 29.5Lac.
Due some issues Builder modified the plan and done rectification deed in 2011.
Got the Possession in Jan-2013.
And other Cost of Service tax/ Registration / VAT is 4Lac.

Client have signed Sell MoU of 70Lac in May-2013.

And Purchansed new house in Week After by Token of 5.25Lac.


Whether this shall be STCG or LTCG.

Rupesh Jain (Expert)
29 May 2013 pls take date from possession as owner ship date

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2013 Hence this shall come under STCG.

However, This was under construction more that 4 years.

Hence, is there any Clause where consumer have expemt from STCG if builder takes unexpectedly more time for possession??

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2013 Hence this shall come under STCG.

However, This was under construction more that 4 years.

Hence, is there any Clause where consumer have expemt from STCG if builder takes unexpectedly more time for possession??


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