CAPITAL GAIN

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This discussion clarifies the start date for claiming indexation benefits on long-term capital gains from property sales. The consensus is that indexation can be claimed from the date of each payment made, including advance payments, not just the final purchase deed date. This means if you paid an advance in an earlier year, you can benefit from indexation starting from that year.

NIRMAL DAVE

NIRMAL DAVE (Querist)

02 September 2020 Dear All,

From which date benefit of index be allowed on long term capital gain on sale of flat?

Is it from purchase deed date or can i claim it from the date of advance payment?

I have paid advance to builders in 2010 while purchase deed is executed in 2014.

Thanks
Nirmal Dave

CA KARAN SINGH

CA KARAN SINGH (Expert)

02 September 2020 Dear Mr. Nirmal Dave

Indexation benefit will be available to you on every payment made, i.e, if you have paid advance in 2010, that advance money will be indexed with index no. of 2010 and so on.

NIRMAL DAVE

NIRMAL DAVE (Querist)

05 September 2020 Ok Thank You Sir for your valuable reply.

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