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Capital Gains on Sale of Flat before Registry


Vidit Seth (Practicing CA)     28 November 2020

Vidit Seth
Practicing CA 
 2 likes  76 points

| My Other Post

Sale of flat by handing over the FLAT BUYER AGREEMENT to another party , before registry or possession of flat , in under construction position , will it be chargeable to Capital Gains Tax.
If not will.there be any tax treatment of surplus receipts.

CA ABHAY GUPTA

CA ABHAY GUPTA (Practice)     28 November 2020

CA ABHAY GUPTA
Practice 
 241 likes  2678 points

View Profile | My Other Post

Ofcourse it is a capital assets for you unless you are engaged in business of real estate, thus capital gain will be there on such transaction.

Vidit Seth

Vidit Seth (Practicing CA)     28 November 2020

Vidit Seth
Practicing CA 
 2 likes  76 points

View Profile | My Other Post

Thanks Abhay...I thought so as the Asset was not created yet and there was no possession.


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