Long term capital gain
This query is : Resolved
CA Mangesh Chitale
(Querist)
06 July 2016
i have bought the residential flat ,date of agreement is 1st july 2016.Property is under construction.I am making periodical payment to the builder. scheduled possession date is 30th dec 2017. when at the earliest,I can sell this property as long term capital asset?.
Manish Bhandari
(Expert)
06 July 2016
30 June 2019 but there are conflicting views and judgements regarding actual possession of property whether it is habitable or not?
Soumitra Basu
(Expert)
07 July 2016
ON CONSERVATIVE THEORY AFTER 3 YEARS FROM THE DATE OF POSSESSION.
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