Tax category on sale of under construction flat - long term or short term

I entered into purchase agreement with a builder for a flat and sold it as follows

Date of Allotment letter from builder for purchase of under construction flat - 05/12/2013
Date of Agreement with builder for purchase of the under construction flat - 27/01/2014 (not registered)
Date of Possession letter from the builder - 14/07/2018
Date of agreement for CHANGE OF NOMINATION between builder, myself and new purchaser and accomplishment of  NOMINATION CHANGE- 17/09/2018

Kindly inform whether the type of gain is long term or short term.

Replies (5)

Its Long term holding of 'Rights acquired in a property'

Rambhia Sir By the term "Long term holding of 'Rights acquired in a property' ", what does it mean? May I get indexation benefit. May I get benefit of 54F.

Correct, you acquired right in the property on 5/12/2013, vide allotment letter, hence its LT cap asset, eligible for sec. 54F exemption.

Sir Regarding indexation benefit, should it be availed installment payment wise?

Yes.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
ARTICLESHIP 08 August 2026
CA Articleship

RSAG & CO LLP

New Delhi

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details