13 July 2013
A house property is allotted in F.Y. 2008-09 but the registration and other misc payments were made in the F.Y 2011-12 and the said property is sold in F. Y. 2012-13. Now should the gain on sale be considered as STCG or LTCG for A.Y. 2013-14? If LTCG then how the indexation would be calculated? Please support your answer with with any strong reference
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