hi all,
from a tax perspective is it advisable to sell house before possession ? Its been over three years since the sale agreement was executed with the builder - possession will be given in a few months time. So
* if i sell before possession does the sale income fall under LTCG or STCG in this case ? I have heard conflicting views about this so i wanted to know something definitive
* would i still be eligible to claim housing loan interest exemption if i sell before possession ?
* generally does it make sense to sell before possession ?
Rgds,
RK
CAclubindia
