DATE OF ACQUISITION FOR PURCHASE OF PROPERTY

435 views 1 replies

The assessee has purchased a residential property and got this allotment letter in the year 2014, and has paid payments of more than 75% of the total consideration till 2018. Till 2021 the assessee has not got the possession of the same property due to delay by the builder. Now the assessee has entered into an purchase agreement with the builder in the year 2021 paying the remaining 25% money. Later the assessee has sold the same property in the year 2021 itself.

Whether the Assessee can claim to date of Acquisition as 2014 for Long Term Capital Gain??

Replies (1)
If you had made any sale agreement during 2014, and payments were made through account payee cheque or dd, ecs, NEFT rtgs etc, then you can take 2014 as year of purchase

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details