LTCG on Property
This query is : Resolved
13 October 2009
I purchased a new property in Jan-2006, Registration done in June 2006 and got possession in Jan 2009. If I sell it now in Oct 2009, with approx 20 Lakhs gain, and invest in new property, do I need to pay LTCG/STCG tax?
Thanks
Thanks
13 October 2009
LTCG, Date Of Registration taken for calculating period.
14 October 2009
Since the Holding period in your case would be more than 36 months it would be LTCG.
Exemption u/s 54 will be granted subject to provisions.
Assuming residential property , not block of assets etc in commercial property
Exemption u/s 54 will be granted subject to provisions.
Assuming residential property , not block of assets etc in commercial property
15 October 2009
There will be LTCG as holding period is more than 36 months that is counted from date of registration or date of possession which ever is earlier.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- Tds on commission charges
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Salary from Qatar in Dollars in India
- Tax rate change regarding
- Renovation exp. in flat by family member
- GST Intimation due to Government took possession of Business Premises under PPE Act
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
CCI
Pro
CAclubindia
