banner_ad

Date for capital gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 September 2015 if date of agreement for sale of house property is entered on may 15, 2015 but paymnet received and possession given on September 1, 2015 then which date is to be considered while calculating 3 years for determining whether it is short term or long term capital gain
Profile Image

Rajesh Kumar

Profile Image

Rajesh Kumar (Expert)
12 September 2015 Agreement of sale is a mere conditional promise of sale if conditions (payment) is fulfilled. Actual sale happens only after the condition of sale is fulfilled, i.e. payment is made. Thus 1st sep. is the date on which sale is effected. This date should be taken for determining whether it is long term or short term.
Profile Image

CA G. SURYANARAYANAN

Profile Image

CA G. SURYANARAYANAN (Expert)
13 September 2015 Date of agreement, date of payment or date of possession does not count. Whether any Power of Attorney is executed along with possession. If so that date has to be taken as date of transfer. Otherwise, date of registration of sale deed will alone canbe taken as date of transfer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details