Capital gain of flat

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Satish Gupta (Querist)
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18 July 2013 Dear Sir

I have booked a flat with builder during the f y 2004-05 and make the token money Rs 2.00 Lacs. Rest of the amount were paid as per their schedule up to f y 2009-10. I had paid total Rs. 10.00.I got the possession for that flat m/o January, 2010.

During this F Y 2013-14 i want to sell that flat so that i want to know about its indexed cost will calculate from F Y 2004-05 or after getting possession of that flat.

Thanking You
Satish

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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18 July 2013 You have to calculate indexation from the FY in which you have got possession of the flat.
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