CAPITAL GAIN
This query is : Resolved
SAURABH JAIN
(Querist)
01 December 2008
Dear All,
Please help me to solve this issue...
Mr X have Booked one Flat in year 2000 and recive the allotment letter in the year 2001.
Form 2000 to 2005 flat was under construction and during that period Mr X paid full amount of flat.
In 2005 Mr X got the possession of flat and sold it in 2007.
Whether it will be long tearm or short tearm capital gain.
Can you help me in providing some judgement to suppert this.
Ca.Saurabh Jain
Please help me to solve this issue...
Mr X have Booked one Flat in year 2000 and recive the allotment letter in the year 2001.
Form 2000 to 2005 flat was under construction and during that period Mr X paid full amount of flat.
In 2005 Mr X got the possession of flat and sold it in 2007.
Whether it will be long tearm or short tearm capital gain.
Can you help me in providing some judgement to suppert this.
Ca.Saurabh Jain
CMA Jitendra Singh
(Expert)
02 December 2008
Short term capita gain
Because possession or registry date is applicable
Because possession or registry date is applicable
SAURABH JAIN
(Querist)
12 January 2009
Dear All,
Please help me to solve this issue...
Mr X have Booked one Flat in year 2000 and recive the allotment letter in the year 2001.
Form 2000 to 2005 flat was under construction and during that period Mr X paid full amount of flat.
In 2005 Mr X got the possession of flat and sold it in 2007.
Whether it will be long tearm or short tearm capital gain.
Can you help me in providing some judgement to support this.
Ca.Saurabh Jain
Please help me to solve this issue...
Mr X have Booked one Flat in year 2000 and recive the allotment letter in the year 2001.
Form 2000 to 2005 flat was under construction and during that period Mr X paid full amount of flat.
In 2005 Mr X got the possession of flat and sold it in 2007.
Whether it will be long tearm or short tearm capital gain.
Can you help me in providing some judgement to support this.
Ca.Saurabh Jain
SAURABH JAIN
(Querist)
14 January 2009
no answer vtill now? no case laws etc
Dhirajlal Rambhia
(Expert)
27 June 2023
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