my client given land for development.in consideration the builder gave 4 flats
my client sold 2 flats
what is the date of acquisition
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Land given for development
Replies (3)
Whether the flats were sold during construction period?
No. it was sold after the construction Period
First you have to asses LTCG over land as 4 flats were received in lieu of the land. The completion date would be date of acquisition for the flats, most probably for flats it would be short term gain.
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