Date of acquisition of flat

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 February 2012 I have been allotted a flat of co operative society in year 1983. for this i will have to make payment in installments. I made the payments well in time and last year in 2011 i received the possession of the flat. in year 2011 i sold it.
Now my question is whether i have to pay STCG or LTCG . what will be the period of holding from date of allotment of flat or date of possession.
reply soon.

17 February 2012 Date of acquisition is 2011 because possession is received in 2011.


Regards,

CA Sandeep Aggarwal


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