Clarification on ltcg
This query is : Resolved
Manoj Maruti Chavan
(Querist)
20 May 2012
For computation of Long Term Capital Gain on Residential Property, holding period is 36 months only.
However, I want to know whether these 36 months will be from the DATE OF INVESTMENT/REGISTRATION OR it is from the DATE OF POSSESSION ?
Request the members to respond with their views along with relevant case laws etc.,
However, I want to know whether these 36 months will be from the DATE OF INVESTMENT/REGISTRATION OR it is from the DATE OF POSSESSION ?
Request the members to respond with their views along with relevant case laws etc.,
Sanket Shah
(Expert)
20 May 2012
its when both the activities are completed.. i.e registration and possession. if u get only possession ot its only registered is not enough.
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