Cost of Acquisition is it Date of agreement for sale

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Accountant for multiple small entities
171 Points Posted on 30 July 2024
Hi Sir/Madam

while calculating capital gain

Cost of Acquisition date details

Agreement for sale is on 01.02.2022

Register deed date is 18.03 2022

while classifying short term or long term capital gain

is Agreement for sale deed is relevant or Registered deed date is relevant

Please advise
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On 30 July 2024 at 21:36 Report
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Quick Summary
This discussion clarifies the relevant date for calculating capital gains tax. When determining the cost of acquisition for capital gains, the registered deed date is considered more relevant than the agreement for sale date. This date is crucial for classifying whether the gain is short-term or long-term.

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SEO Sai Gr. Hosp.
212503 Points Posted on 31 July 2024

Registered deed is more relevant. 

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On 31 July 2024 at 09:45
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Profession
28261 Points Posted on 31 July 2024
Cost of acquisition is the date for sale
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On 31 July 2024 at 16:27

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