Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 April 2014
I had booked a flat in a project 3 1/2 years back. but possession still not recd.
I have paid 8 out of 10 installment to the builder through CLP method.
Now If I transfer it to some one, how capital gain will be calculated. It will be Long term or short term ? and if I can take the benefit of indexation on paid installments.
Pl suggest any body.
I have paid 8 out of 10 installment to the builder through CLP method.
Now If I transfer it to some one, how capital gain will be calculated. It will be Long term or short term ? and if I can take the benefit of indexation on paid installments.
Pl suggest any body.
25 April 2014
since its already 3.5 years it will be a long term capital gain.yes indexation is allowed.
Nikhil Kaushik
(Expert)
25 April 2014
please ensure that you sell it before the possession is received. Once you get the possession the clock will reset for the capital gains computation.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Capital gains in IT returns
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- TDS- 2026-27 Q1 Correction
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Advances to related party
- Applicability of tax on invoice
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- 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
