Period of holding in capital gains

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 August 2012 If Assessee gets letter of allotment on 18/12/2008 & letter of offer for possession on 19/11/2010.he sells the plot on 25/11/2012
what will be his period of holding whether his gain will be long term or Short Term

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

21 August 2012 Please provide the wording of allotment letter. The 'capital asset' is the key word. Whether the plot of land was a capital asset at allottment or possession.... you need to take a host of other relevant things into consideration to decide the period of holding. The point to be noted is the 'capital asset'.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now