Capital gain
This query is : Resolved
07 March 2020
Sir
I have got the occupation certificate in Jan 2019 of the property. I am the owner.
The construction is going on till date. I want to know that if I sell the property in March 2020 then indexation cost benefit will be applicable on the improvement cost which I incurred after Jan 2019.? Pl advise.
Regards
I have got the occupation certificate in Jan 2019 of the property. I am the owner.
The construction is going on till date. I want to know that if I sell the property in March 2020 then indexation cost benefit will be applicable on the improvement cost which I incurred after Jan 2019.? Pl advise.
Regards
07 March 2020
For indexation the asset must be held for more than 24 months. You will not get indexation benefit in this case.
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