CAPITAL GAIN
This query is : Resolved
01 December 2008
Dear All,
Please help me to solve this issue...
Mr X have Booked one Flat in year 2000 and recive the allotment letter in the year 2001.
Form 2000 to 2005 flat was under construction and during that period Mr X paid full amount of flat.
In 2005 Mr X got the possession of flat and sold it in 2007.
Whether it will be long tearm or short tearm capital gain.
Can you help me in providing some judgement to suppert this.
Ca.Saurabh Jain
Please help me to solve this issue...
Mr X have Booked one Flat in year 2000 and recive the allotment letter in the year 2001.
Form 2000 to 2005 flat was under construction and during that period Mr X paid full amount of flat.
In 2005 Mr X got the possession of flat and sold it in 2007.
Whether it will be long tearm or short tearm capital gain.
Can you help me in providing some judgement to suppert this.
Ca.Saurabh Jain
02 December 2008
Short term capita gain
Because possession or registry date is applicable
Because possession or registry date is applicable
12 January 2009
Dear All,
Please help me to solve this issue...
Mr X have Booked one Flat in year 2000 and recive the allotment letter in the year 2001.
Form 2000 to 2005 flat was under construction and during that period Mr X paid full amount of flat.
In 2005 Mr X got the possession of flat and sold it in 2007.
Whether it will be long tearm or short tearm capital gain.
Can you help me in providing some judgement to support this.
Ca.Saurabh Jain
Please help me to solve this issue...
Mr X have Booked one Flat in year 2000 and recive the allotment letter in the year 2001.
Form 2000 to 2005 flat was under construction and during that period Mr X paid full amount of flat.
In 2005 Mr X got the possession of flat and sold it in 2007.
Whether it will be long tearm or short tearm capital gain.
Can you help me in providing some judgement to support this.
Ca.Saurabh Jain
14 January 2009
no answer vtill now? no case laws etc
27 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST Rate for Catering Services
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- NRI starting business in India
- GST not cancelled by tenant
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
