Property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2013 I had booked a flat in 2007 on installment payment system for investment purpose . The Completion Certificate for the project was received in August 2010 . I made a nomination agreement in July 2013 in favour of the person whom I sold this flat and for this the builder has charged a transfer fee . I had not registered the flat but the builder issued the possession letter in my name

Total value of purchase - 1500000
Value mentioned in nomination agreement - 3000000

Now my question is that in the above situation is long term capital gains applicable . And other question is if it is LTCG then how can I save my tax .

Please advise

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 July 2013 u need to provide for exact date in aug 10 and july 13 for cal of ltcg.

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2013 Tushar
Thanx for sending your reply . The following dates

Builders sale deed agreement with me 20/06/2008
Completion certificate date 13 August 2010
Maintenance started date 01/09/2010
Possession letter dated 13 July 2013
Nomination agreement date 18/07/2013

Regards

Amit

Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2013 Please put your inputs