House property capital gains.

This query is : Resolved

Indrajeet (Querist)
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17 December 2014 Following are the facts of my case :

Residential Flat - Date of Possession - 17th Dec, 2010.
1st Electricity Bill generated in - April, 2011.
1st Property Tax Payment done on - 17th June, 2011 (2011-12)
PCMC Completion Certificate (bhugavata patra) date : 31st March, 2012.

If I sell the flat in Dec, 2014, will it tantamount to Short Term OR Long Term Capital gain ? Which date from the above would be considered for determining whether it is a case of STCG / LTCG ?

Thanks and Regards,
Indrajeet

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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19 December 2014 From the date of possession hence LTCG

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