Dear Sir/Madam,
I have query regarding LTCG calculation on property where payment is made to builder as per consruction. I booked a property in 2009 and paid Rs 4.3 L. In 2010, I got allotment letter and then payments were made as per schedule. I got possession in 2018.
Conveyance deed was executed in 2024. Now, I have sold this property in Jun'25 and registry will happen in Jul 2025. Few queries:
a) How LTCG will be calculated considering indexation. Will 4.3L will be indexed as per 2009 and remaining amount as per index in 2010 as I got allotment in 2010? OR It will be indexed as per 2018 where I got possession.
b) Allotment in 2010, possession in 2018 and conveyance in 2024 and sold in 2025. It will be LTCG or STCG?
c) Any other point i need to take care if I can open CGAS for depositing CG?
Please help to answer.
Regards,
Rajiv Gupta
CAclubindia
