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tax implication on proprty t/f after 01/10/2009

This query is : Resolved 
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(Querist)
24 November 2009 Dear all
Kindly study the case and advise and register

1) I have booked a flat of 2000/- St. feet 2 year back at Rs 1500/- per St. Feet and got Registered at the government rate of Rs1800/- per St. Feet in the month of October 2009. Whether the difference of Rs 300/- per St. Feet (i.e. 1800-1500) would be chargeable under section 56(2(VII)).
2) In the above case, what if, I have taken possession in the month of August 2009 and getting the registration in the month of November 2009.

Thanx
anil jain
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 November 2009 Date of registration should be imp in this case i guess and hence 56(2)(vii) will be applicable in this case.
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