Capital gain

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 April 2014 Suppose i had purchased a house property 4 years back and the said property is still under construction and now i want to sale the said property but remember the property is still under construction.Kindly suggest me the implication of Capital Gain under such situation.Can any one suggest me any Court judgement/Decision for the same.

Thanks in Advance

25 April 2014 it will be a long term capital gain even if the property is not fully built and under construction.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 April 2014 but as my construction is not completed i had still not got the possession of the said property.

25 April 2014 even in such case if the proeprty is in ur name and u sell it still capital gain attracts.

25 April 2014 Profit on land is LTCG and profit of the
building construction cost not more than 36 months is STCG.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 April 2014 Thank u very much for suggesting me


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details