House property capital gains.
This query is : Resolved
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
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
19 December 2014
From the date of possession hence LTCG
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