IN CASE OF RESIDENTIAL PROPERTY(FLAT),FOR THE PURPOSE OF CALCULATING LONG TERM CAPITAL GAINS TAX WHAT WILL BE THE DATE OF PURCHASE OF PROPERTY,DATE WHEN FLAT BOOKED WITH BUILDER OR DATE WHEN POSSESSION HANDED OVER TO THE BUYER?
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Capital gains
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Date of transfer of the property shall be the date need to be considered here, i.e. the date when the property (title) passesfrom the seller to the buyer...
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