What should be the date of purchase of land&building
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 September 2012
I purchase a plot under construction on 05/12/2004 but the same not registered in my name and no possession letter is received by me and I want to sold this plot. So, I want to know that what should be the date of purchase of the said plot for calculation of capital gain.
Amol S Joglekar
(Expert)
04 September 2012
"plot under construction" is eyebrow raiser. Was it a contract for "developed plot"? The agreement if any should throw more light on the issue.
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