INDEXATION BENEFIT ON DATE OF ALLOTMENT OR DATE OF SALE DEED ??
This query is : Resolved
rajesh behl
(Querist)
31 May 2022
Assessee booked a flat on 17/01/13 and paid 50% amount.
Balance amount was paid in installments during FY 2015-16, 2016-17 & 2017-18.
Conveyance deed was executed on 06/01/2018.
Now assessee wants to sell this flat.
Query : Can I get the indexation benefit from FY 2012-13(year of allotment) or should I calculate it from FY 2017-18 (year of conveyance deed) ??
Balance amount was paid in installments during FY 2015-16, 2016-17 & 2017-18.
Conveyance deed was executed on 06/01/2018.
Now assessee wants to sell this flat.
Query : Can I get the indexation benefit from FY 2012-13(year of allotment) or should I calculate it from FY 2017-18 (year of conveyance deed) ??
CA R SEETHARAMAN
(Expert)
01 June 2022
Indexation benefit available from FY 2012-13(year of allotment).
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