28 November 2023
assesseee got allotment letter/mou dated 2009 from builder got flat possesion from builder and registered in 2015 after possession , sold flat to new buyer in 2016 question --> while calculating cap. gain for 2016, period of holding will be from 2009 or 2015? my view --> from 2009 as mou /allotment letter can be said to be purchased (albeit it was just a right in capital asset back in 2009)
CAclubindia
