A property sale agreement is made in 2012 for rupees 1 cr. But the registry is done in 2022 for 1 cr. Govt valuation is increasing in 2016 by 2 cr. In which rate capital Gain is considered. is there any possibility to consider capital gain on 1 cr.
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Quick Summary
This discussion explores capital gains tax implications when a property sale agreement was made in 2012 for ₹1 crore, but the registry was completed in 2022 for the same amount. The query centres on which date (sale agreement or registry) is used for capital gains calculation, especially given a government valuation increase in 2016. It also touches upon the cost of acquisition from 2001 and the high stamp duty paid in 2022, questioning its validity.