Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2012
A coop housing society issued share certificate in oct 2005. Building completed in oct 10 Possission/completion in Dec10 and Flat sold in July 11. Will there long term capital gain?
daya shankar singh
(Expert)
12 March 2012
For the purpose of long term capital gain the period of holding is calculated by considering date of possession and the date of sale
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