capital gain
This query is : Resolved
CA. KARAN YADAV
(Querist)
03 August 2017
I paid 90%cost of property in 2012 but registration is done in 2014 and sold in 2016 wheather it is short term gain or long term
K Srinivas, CMA CS
(Expert)
03 August 2017
If it's an underconstruction flat at the time of making 90% payment, then it depends on date of allotment or possession whichever is earlier.
K Srinivas, CMA CS
(Expert)
03 August 2017
If it is not an underconstruction flat at the time of making 90% payment, then it is the date of registration done in 2014 that will determine whether its short term or long term capital transfer
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