Capital gain of flat
This query is : Resolved
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
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
18 July 2013
You have to calculate indexation from the FY in which you have got possession of the flat.
.
.
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