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Possession of property

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(Querist)
28 July 2012 I Sold a flat. The Capital Gain arise on this sale,But My Quesion is When Sale date is to be assume :-
At the time of Registry
At the Time of Payment
Or Other
Please give me response with full of Clarification
Thanks In Advance
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Mohit Naithani

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Mohit Naithani (Expert)
28 July 2012 For Immovable Property - When document are registered.

For Movable Property - When document are registered or if Sec 53A of Transfer of Property Act satisfied...

In your case "Date of Registry" is a date of Transfer.
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SANYAM ARORA

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SANYAM ARORA (Expert)
28 July 2012 Agreed with the reply




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