Asset purchased in septmber2013 no sale deed executed at that time.
GPA and full payment and sittlement deed executed ®istered,total possession taken in sep 2013 and 1% TDS made & paid on total consideration
property got registerd in december2016. no further payment made.
purchased property also sold in december 2016
wether the capital gain is longterm or short term ?
"total possession taken in sep 2013 and 1% TDS made & paid on total consideration........"
Rights in the property gets transferred in Sept. 2013
So, Long term
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
