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.
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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