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Capital gain
I bought a Flat from DLF in 2008.
I paid entire amount by 2012.
Conveynance deed was done in 2015.
I sold flat in 2016.Do I have to pay capital gain
Replies (2)
Date of possession letter or Registered agreement for sale?
I had heard about that Capital gain is an increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold. A capital gain may be short-term (one year or less) or long-term (more than one year) and must be claimed on income taxes.
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