Hi Guys. I have a query. I booked a plot on 29th September 2011 from TDI Infrastructure for amount of Rs. 45,56,250.00 (full down payment). I also got the Allotment letter on same date mentioning the plot number allotted and size of the plot. Registration of the plot is yet to take place. I plan to sell the plot in October 2014 i.e. before registration/registry of the property.
Is the transaction eligible for LTCG indexation or any profits will be treated as STCG.
Thanks in Advance
If it is a plot and not flat under construction, as you paid full amount and got allotment mentioning the plot No allotted. You are eligible for LTCG indexation.
Yes, long term capital gain will be applicable. you can save your tax by investing in residential house property and claim deduction u/s 54F.Otherwise, you can invest in NHAI or REC bonds and claim deduction u/s 54EC.
Yes, since the period is more than 3 years, you will be eligible for indexation in your LTCG computation.
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