Date important for capital gain on sale of house
This query is : Resolved
09 June 2025
Dear Sir / Madam,
Mrs. A executed an agreement to sell with a builder on 01/05/2014 to purchase a residential flat. On this date, the stamp duty was also paid. Afterwards, on 05/10/2019, Mrs A executed the sale deed with the builder, which was registered on stamp duty value of Rs. 100/-
Now she wants to sell this flat. For calculating the capital gain, which date, viz. date of agreement to sell (01/05/2014) or date of sale deed (05/10/2019) is to be considered?
Kindly guide.
Thanks & Regards,
Suraj
Mrs. A executed an agreement to sell with a builder on 01/05/2014 to purchase a residential flat. On this date, the stamp duty was also paid. Afterwards, on 05/10/2019, Mrs A executed the sale deed with the builder, which was registered on stamp duty value of Rs. 100/-
Now she wants to sell this flat. For calculating the capital gain, which date, viz. date of agreement to sell (01/05/2014) or date of sale deed (05/10/2019) is to be considered?
Kindly guide.
Thanks & Regards,
Suraj
10 June 2025
What was the date of getting possession of the flat?
10 June 2025
If it was in 2014, you can consider DOA as of 2014.
Message likes :
1 times
10 June 2025
If you wish to reinvest any capital gain u/s. 54 or 54EC, consider purchase as 2019.
Message likes :
1 times
10 June 2025
Thank you sir. Mrs A entered into agreement to sell on 20/10/2014 and paid stamp duty of 218600/- and registration charges of Rs. 30000/-. Then the deed of apartment was executed & registered on 25/07/2019 paying Rs. 100/- as stamp duty and the possession is received. Now she is selling this flat. Then which year of indexation will be available? if it is of 2019 as the possession received in 2019, then how to take indexation of stamp duty and registration charges paid in 2014?
Please guide.
Regards,
Suraj
Please guide.
Regards,
Suraj
10 June 2025
Any amount paid before taking possession should be taken as advance, as deal gets completed in 2019. Indexation can be taken from 2019 to 2025.
Message likes :
1 times
11 June 2025
Thank you so much Rambhia Sir.....
Message likes :
1 times
11 June 2025
You are welcome.
28 September 2025
Good luck.....
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- Free lancer income
- Last year TDS Claim
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Soyabean hsn code and gst rate
- NON- SUBMISSION OF LLP FORM 3
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
