My Scenario is:
- – We have land purchased in 2012 in an under-construction township for 22 L.
- – Paid installments Till 2014 about 15L was in totality paid. Although, further requests for installments didn’t come because builder couldn’t simply do land acquisition.
- – After waiting for many years, I had transferred it (on Affidevit of 100 Rs E-Stamp paper) in 2022 for exactly same amount i.e. 15L. No registeration / No possission / No handover nothing happened till date. Basically, builder was not able to do land acquisition till date.
My questions are:
- – This is a case of long term capital gain?
- – If Yes, how do we calculate long term capital gain for this property? Only allotment happened in 2012 but Possession / Registration never happened on it.
CAclubindia
