Ltcg stcg

Daxa manek (CA) (108 Points)

25 June 2013  

Dear all,

I have one  query if you can help me out :-

Mr. A having no house property  in his own  name. He purchased one house property which was under construction and the payment details for the same are as follows:-

First payment made on 27.07.2009

Last installment paid on 19.12.2010

Date of registration is 11.09.2009

Date of possession is 05.01.2011

Now today Mr A is  selling this house say on  25.06.2013 and purchasing new property.

  1. what should be the date of acquisition for calculationg LTCG or STCG .

Is it date of possession or date of registration?

  1. Is it LTCG or STCG?
  2. Is registration charges paid for purchase of new property also forms part of new Investment for set of capital gain tax?

 

Thanks & regards,

Daxa Manek