The handover agreement with the builder is executed in FY 2015-16. The sale deed execution date for purchase the flat is in FY 2017-18.
For indexation purpose which date should be considered? Is it handover date or sale deed date? Please advice.
Menu
Date to be consider for Indexation purpose
Replies (1)
Since you are the purchaser, the cost of acquisition will be indexed as and when you have made the payments.e.g. If you have made part payments in FY 2015-16...index that amount from 2015-16...if made some payment in 2016-17...index that portion from 2016-17 and so on.
Recent Threads
- Schedule AL limit for FY 2024-25
- Can a person use ITR 1 when she has CG of Rs.250/
- Choice of itr form
- DTAA with US - Interest & Dividend
- Last Year ITR Not Filed and Hence NO TDS was claim
- Does ITR2 take much longer for processing
- New GST Reforms 2025 Announced by PM Modi –
- Share capital Amount
- Fund claimed as nominee of deceased Parent
- ITC claim on cements and Steels
Related Threads
CAclubindia
