13 September 2014
We have sold flats. We have done stamp duty and registration in march 2013 and sold in august and december 2013. However, we have actually purchased it in 2009 but did registration in 2013. We have never took possession also. Please advice whether STCG is applicable or LTCG.
13 September 2014
Short term capital gain according your query.
If you ready to ,make agreement with your vendor, indicate possession transferred to you on 2009 itself then Long term capital gain benefit of indexation available.
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