I have a flat which is under construction for 5 years. The registration of the flat is done now. Can the Flat be sold and be treated as a long term capital asset and the gain from the sale treated as LTCG?
harsh prabhu (article) (50 Points)
18 April 2012I have a flat which is under construction for 5 years. The registration of the flat is done now. Can the Flat be sold and be treated as a long term capital asset and the gain from the sale treated as LTCG?
C.A. M.Com. Suhas A. Nagpure
(CA)
(1175 Points)
Replied 18 April 2012
Hi Harsh,
The period for LTG is to counted from when u get the registration on your name.
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