Capital gains
This query is : Resolved
19 August 2013
Hi All,
My query is what is to be taken as date of acquisition for a flat purchased when it was under construction and sold after possession? e.g.
date of purchase/date of registration: 01.04.2000
date of possession: 01.04.2004
date of sale : 01.04.2005.
In the above example whether my date of purchase for calculating capital gains will be 01.04.2000 or 01.04.2004?
My query is what is to be taken as date of acquisition for a flat purchased when it was under construction and sold after possession? e.g.
date of purchase/date of registration: 01.04.2000
date of possession: 01.04.2004
date of sale : 01.04.2005.
In the above example whether my date of purchase for calculating capital gains will be 01.04.2000 or 01.04.2004?
19 August 2013
date of possession
19 August 2013
is there any case law to it? what will be the position of I sell it under construction but after 3 years of registration?
19 August 2013
If you sold under construction property before possession, date of purchase will be taken
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