Capital gain for sale of flat
This query is : Resolved
10 January 2023
Hi,i want to know if my date of agreement of flat purchase is in 2017 and date of allotment in 2016 but got possession of flat in 2022 what will be my date of acquisition if sale this flat in 2023.Ll it be short term capital gain or long term capital gain .ll indexation will apply of date of acquisition of property.And if there is loss on sale of property still we have to invest in property.
CA R SEETHARAMAN
(Expert)
10 January 2023
The date of acquisition is the date of allotment.
It's long term capital gains.
No need to invest in case of loss after indexation.
It's long term capital gains.
No need to invest in case of loss after indexation.
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