Capital Gain
This query is : Resolved
24 May 2011
Hi!
I want to ask that if i had bought an apartment in a complex which was registered on 12.04.2007 when it was under construction and i am going to take the possession on 2 June 2011.
Now, if am going to sale that apartment in July 2011 then whether it will be considered as short term capital gain or long term capital gain i.e, whether date of possession is relevant or date of registration in determing the status of Capital Gain..........
I want to ask that if i had bought an apartment in a complex which was registered on 12.04.2007 when it was under construction and i am going to take the possession on 2 June 2011.
Now, if am going to sale that apartment in July 2011 then whether it will be considered as short term capital gain or long term capital gain i.e, whether date of possession is relevant or date of registration in determing the status of Capital Gain..........
24 May 2011
Dear,
The date of resistration or possession which ever is earlier.
The date of resistration or possession which ever is earlier.
24 May 2011
Dear,
the date of resistration or possession which ever is earlier.
the date of resistration or possession which ever is earlier.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- Capitalgain tax purposes for valuation report compulsory
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
