Capital gains_from date of transfer or date of possession
This query is : Resolved
15 August 2016
I had purchased Flat in May 2002 & sold in Apr2011. Capital Gains Longterm were used in buying another single flat on 20th Aug11 with Agreement to Sell. Same Flat was Transferred in my records in Builders Buyers Agreement on 30th Aug11. Thereafter, I took possession of the Flat from Builder on 7thDec2013.
Registration of Flat was done on 4th Aug2015.
If I want to sell the Flat, when is the earliest date I can look so that it does not fall in less than 36months crieteria.
Which is the date to be considered:- Date Agreement to Sell/Purchase--20 Aug2011, OR Date of TRansfer in Builders Buyers Agreement-- 30Aug2011 OR Date of Possession-- 7th Dec2013 OR Date Of Registry---4th Aug2015.
Registration of Flat was done on 4th Aug2015.
If I want to sell the Flat, when is the earliest date I can look so that it does not fall in less than 36months crieteria.
Which is the date to be considered:- Date Agreement to Sell/Purchase--20 Aug2011, OR Date of TRansfer in Builders Buyers Agreement-- 30Aug2011 OR Date of Possession-- 7th Dec2013 OR Date Of Registry---4th Aug2015.
15 August 2016
since it is purchased from Builder...please consider the Completion Certificate date...This is issued by the Local Authority... say Corporation or Municipality as the case may be
Message likes :
1 times
16 August 2016
Good Day Sir,
Thanks. Noted your reply to look for Completion Certificate. As such I donot have Completion Certificate. But Multi story Apartments are handed over for possession only after Builder receives Occupancy Certificate.
Thanks. Noted your reply to look for Completion Certificate. As such I donot have Completion Certificate. But Multi story Apartments are handed over for possession only after Builder receives Occupancy Certificate.
17 August 2016
In some parts of our country it is called Completion Certificate...hence I used that word... I was referring the same......
In your case, the date of Occupancy Certificate should be taken for your calculation
In your case, the date of Occupancy Certificate should be taken for your calculation
Message likes :
1 times
17 August 2016
Thanks for prompt response.
17 August 2016
you are most welcome
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- Sales return eway bill
- Agriculture income or business income
- GST ON DAMAGED GOODS
- Tax liability on income of freelancer
- STCG FOR GOLD ETFs
- Taxation on LTCG for property sold after 24JUL2024
- GST Registration Horse racing
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
