LTCG or STCG?

Whether any LTCG declared in AY 2022-23 over the transfer of land?

Commutation of Pension means payment of lump sum amount in lieu of a portion of pension surrendered voluntarily by the pensioner based on a duration of period in relation to the age. This is purely an optional facility provided by the Government to the pensioner. 

Here pensioner receives a portion of pension amount in lump sum.

While LOAN is money lent at interest. 

Need to file Updated return for the declaration of LTCG over land.

The capital gain over the flat will be Short term if sold before Dec. 2023.

Transaction would deemed to be taken at market value.