Capital gain of flat
This query is : Resolved
Satish Gupta
(Querist)
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
CA PARAS BAFNA
(Expert)
18 July 2013
You have to calculate indexation from the FY in which you have got possession of the flat.
.
.
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