Hi,
I have got a property which I booked in November 2009 with the builder. Registry etc were completed in March 2014. To avoid short term capital gain, I need to wait for 36 months to lapse.
My question is, does that 36 months duration starts when I booked the property or from the month of registry?
Regards,
Gaurav
Even cases are there to take allotment letter as date of aquisition, but advisable to wait till march '17 in your case.
Hi,
Registration is completed in March 2014 so please wait till March 2017.
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
