Short Term capital gain tax in case of new property buy

as the registration is not in your name and you are not in position, the payments including the interest ( if you have capitalized the interest) are advance payment against property, you can not get long term benefit here. 

as the house does not belong to you unless you get it registered in your name as well u occupy the posesion, 

you can take a step to get it registered in name of 3rd party direct, then in that case your investestments may get qualified for LTCG

for a clear guideline, meet any CA of your area, with a clear view and related documents.

Thanks Mr Sharma.

Any idea bout my questions 2 and 3?

Originally posted by : U S Sharma
	as the registration is not in your name and you are not in position, the payments including the interest ( if you have capitalized the interest) are advance payment against property, you can not get long term benefit here.    as the house does not belong to you unless you get it registered in your name as well u occupy the posesion,    you can take a step to get it registered in name of 3rd party direct, then in that case your investestments may get qualified for LTCG   for a clear guideline, meet any CA of your area, with a clear view and related documents.

if you are able to arrange 3rd party registration then visit any nearby CA who will guide u best, how to handle the LTCG, as it need steady of your allotment and related documents alongwith payment installments and admissibility with your previous year(s) return filed.

I hope you would be able to enjoy a NIL tax burden if u buy a new house with that money, under the prior consultation with a good CA