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Capital gain on sale of residential flat
I bought a flat in 2011 by paying full amount . But we entered in to the agreement in 2017 after completion of property.Would capital gain indexation calculated from 2011 or 2017 ?
Replies (3)
When was possession taken?
Any allotment letter or agreement while payment made?
Possession is yet to be taken as building is just completed.
We have Allotment letter while we booked the flat
"We have Allotment letter while we booked the flat ...........Would capital gain indexation calculated from 2011 or 2017?"...............
It will be Long Term Capital Gain Over rights aquired in property (but not over house property !!!)...... and hence indexation calculated from 2011.........
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