Flat bought in 2004
Reconstruction and new flat year: 2020
Flat sold in 2025
While paying the tax, which year to consider for the original flat cost? 2004 or 2020?
Note: The owner was changed from wife (bought in 2004) to husband (2020)
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Which year to consider for Property tax if sold after the reconstruction?
Replies (1)
@ Jack
Ownership changed in 2020.
And obviously, the new owner[husband] is the seller.
Payment made to the seller[husband] and 26AS will show the TDS in the seller's name/pan.
Cost of the flat in 2020 is to be used for CG calculation, with indexation.
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