Short term Capital Gain

sir, plz clarify the agreement date with builder so it is possible to know clearly wheather is it short term or long term

1. The capital gain is short term as the flat was held for less than 36 months.

2.  The capital gain will not be set off against the land purchased.

3.  Income Tax will be calculated at the normal rate prevailing on the date of sale on the capital gain i.e. Net Sale consideration (26.55 lacs) minus Cost of acquisition, registration and cost of improvement.

The advance for flat was was given in April, 2006 and agreement of flat was done in August, 2206. In the agreement word "Purchaser" was used for me.

Hi Friends,

Please advice from which date Mr. Jain will be considered as the owner of flat, from the date of booking the flat or from the date he got the possession ?

The answer to above question will change all the advice on above said situation i.e LTCG or STCG