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CAPITAL GAIN CALCULATION DATE

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na
175 Points Posted on 19 October 2021
If property allotted in 2011 and registry was done in 2015 which date to be taken for capital gain calculation, the property was sold in Feb 2021.thanks
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On 19 October 2021 at 20:41 Report
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Practice
3235 Points Posted on 19 October 2021
As per case laws the 2011 will be the year of acquisition
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On 19 October 2021 at 22:27
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na
175 Points Posted on 19 October 2021
There are different in views in many judgements also the owner acquire the title of property only when the property gets registerd in owner's name
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On 19 October 2021 at 23:11
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Chartered Accountant
24588 Points Posted on 20 October 2021
2011 shall be taken
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On 20 October 2021 at 06:03
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Team Lead
7558 Points Posted on 20 October 2021
Registration of property is just a consequential act. when almost all or the full payment us being done by flatholder to builder he becomes the owner and starts enjoying all the rights and duties as flatholder.
so date of acquisition would be allotment date which is 2011.
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On 20 October 2021 at 14:38


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