LTCG on apartment sold

Hi All,

How is Long Term Capital Gains tax calculated on sale of apartment/flat ? The rule says it is 3 years but whether it is 3 years from the date of agreement/purchase or is it 3 years from the date of possession ?

 

Replies (1)

Hi Lajveet,

It is 3 years from the date you became the owner of the Flat. !!!!

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