02 June 2024
Hi, I would like to know if a sale of property(Apartment) that is unregistered however the allotment letter has been received from the builder, can this sale be considered to be long term capital gains? Does the property have to be registered in order for it to be considered as a long term capital gain.
02 June 2024
Yes, long term capital gain can be claimed over 'right over an asset', provided the holding period based on allotment letter is 3 years or more.
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