28 July 2011
An Individual booked a flat with builder with Rs.1 lac in Sept 2007. then further he paid amount of Rs 1 Lac in 2007-08 Rs 1 Lac in 2008-09 Rs 1 Lac in 2009-10
Now in March 2011, he transfer the right in property to another for the consideration of Rs 5 Lac. Property is still under Construction. Whether is it Capital Gain ? if yes then LTCG & STGC? how indexed cost calculate in case of LTCG ?
CAclubindia
