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Capital gains

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(Querist)
19 July 2013 If a person books a Flat in an under construction building in the year 2007 by paying Registration and Stamp Duty and gets his Flat Registered in 2007 and gets the Possession (by paying final Installment) of the Flat in 2012 and sells in the year 2012 ....Whether in the present scenario Profit on sale of Flat is Long Term Capital gains or Short Term Capital Gains.
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Rupesh Jain

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Rupesh Jain (Expert)
19 July 2013 from period count when we registered owner of the property

if in 2007 then it will long term gain
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