CAPITAL GAIN

This query is : Resolved 

14 July 2010 Ram enter in to an agreement for buying a flat with Builder in Nov,2006 and accordingly pay 90% of purchase conderation within two month & bal in March,2008 at the time possession.

Now he want to sale this flat in July,2010.
Whether the profits be Long term or Short term ?
Please clarify and provide some case laws in support, if any.


14 July 2010 from the agreement date if yo have completed the 3 years then it will be long term


14 July 2010 Well i think its is alongterm.. date of purchase will be 2006 only and not 2008.



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