Need your Suggestion -
- Bought property in 2019 (Sale Agreement in March 2019)
- Selling next month (Dec 2023)
- Possession not yet done (next year expected)
- Making Profit of Rs. 22 Lakhs and Buying Re-sale property
Confused If this transaction will be considered as LTCG or STCG. One person told me it will be STCG and I need to give 30% tac on this profit :( but as I read in many article it should be LTCG based on time period consideration from date of agreement and not from date of possession (hence no tax needs to be paid). Please help.
CAclubindia
