Capital Gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2011
What will be the indexed cost of acquisition of property-
- Year of Booking under Installment Plan- May 2004
- Year of conveyance deed in buyers name- October 2008
- Year of Sale- August 2009
Is it a long term capital gain or short term capital gain
If it is a LTCG, can it be supported by some recent decided case laws to strengthen its logics
- Year of Booking under Installment Plan- May 2004
- Year of conveyance deed in buyers name- October 2008
- Year of Sale- August 2009
Is it a long term capital gain or short term capital gain
If it is a LTCG, can it be supported by some recent decided case laws to strengthen its logics
CA Harish Suwalka
(Expert)
18 June 2011
it will be a long term capital gain, and indexation will be allowed from 2004,
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