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.

CS,CA F,Numrologi TusharSampat

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

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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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