[8/16, 22:51] Pratik: - Original Flat purchased in 1994,
- Society went in redevelopment in June 2015,
- Possession received in July 2018.
If I want to sale the redeveloped property and purchase a new flat in August 2018,
Whether it will attract Captial Gains Tax?
[8/16, 22:51] Pratik: Also, whether property under redevelopment will be considered as property under construction?
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Whether Capital Gains tax applicable on redeveloped property?
Replies (1)
Sale of property will attract cap gain.. redevelopment will mean improvement
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