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CAPITAL GAIN CALCULATION DATE

vishal (na) (172 Points)

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

 4 Replies

CA ABHAY GUPTA (Practice) (3154 Points)
Replied 19 October 2021

As per case laws the 2011 will be the year of acquisition

vishal (na) (172 Points)
Replied 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

Sourav (Student) (23892 Points)
Replied 20 October 2021

2011 shall be taken

Giridhar S Karandikar (Team Lead) (7366 Points)
Replied 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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