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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Quick Summary
When calculating capital gains tax on a property sold in February 2021, the key question is whether to use the allotment date (2011) or the registration date (2015). While some legal interpretations suggest registration is when title is acquired, prevailing case law often considers the allotment date as the acquisition date, especially when full payment has been made and the property rights are exercised.
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.