Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2014 Hi experts,

I bought a property in the year 2004-05 but the possession was given to me in 2008-09. I made the payment to builder as per the payment schedule ranging for the period of 4 years. Now i am selling the property then please let me know what year will be taken as the base year for indexation? Can I take the different payment dates for the indexation ?

thanking you.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 August 2014 You should take date of possession given to you.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 August 2014 agreed with above reply

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Rupesh Jain

Rupesh Jain (Expert)
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19 August 2014 yes form date of possession you can take indexation

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Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2014 thanks!but what will be the cost of acquisition . Do I need to accumulate all those payments which were made before possession?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 August 2014 Yes accumulate all the payments made before possession.

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