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Capital Gain

This query is : Resolved 

Dear Expert,

Please help me out for, how to calculate Capital Gain if allotment letter is not issued by builder or not exist?


Please give details of the transaction involving capital gain.

Mr. X purchase Property for which details are as given below :

Condition : Purchase
The Value of Property purchased is Rs. 17,74,952/-.

1st Booking Amount of Rs. 1,00,000/- has been paid by assessee on dated 21/09/2009 by chqueq and balanced amount with some additional charges has been paid on Installment Bases till 30/11/2018.

The same Property get registered on dated 27/12/2018 and there is No allotment letter issued by promoter to assessee.

Condition : Sale
Now, Assessee sold this property on dated 20/05/2019 (date of Registration)

Consideration Value : 41,57,800/-
Stamp Duty : 30,000/-
Registration Fees : 800/- = 41,88,600/- (Sale Value of Property)

Now, the Query is, How to calculate Capital Gain on above said property?

1) Whether, Assessee should consider Date of Booking for calculating number of holding period for Acquisition of indexation for calculation of Capital Gain, as there is no allotment letter exist.

2) if assessee consider the date of booking for calculating number of period holding, then it will be Long term capital gain AND if he/she consider date of registration for number of holding period the it will be Short term capital gain.

3) It will be Long term capital Gain or Short Term Capital Gain?

Please Help for the same.



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