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Capital Gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2011 What will be the indexed cost of acquisition of property-

- Year of Booking under Installment Plan- May 2004

- Year of conveyance deed in buyers name- October 2008

- Year of Sale- August 2009

Is it a long term capital gain or short term capital gain

If it is a LTCG, can it be supported by some recent decided case laws to strengthen its logics
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CA Harish Suwalka

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CA Harish Suwalka (Expert)
18 June 2011 it will be a long term capital gain, and indexation will be allowed from 2004,

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