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Capital gain

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Querist : Anonymous

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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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 April 2014 since its already 3.5 years it will be a long term capital gain.yes indexation is allowed.
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Nikhil Kaushik

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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.
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