Capital gain

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Querist : Anonymous

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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.

19 August 2014 You should take date of possession given to you.

19 August 2014 agreed with above reply

19 August 2014 yes form date of possession you can take indexation

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Querist : Anonymous

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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?

20 August 2014 Yes accumulate all the payments made before possession.


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