04 September 2012
We acquired the shares of a G/H Society in 1998. Since then, we were regularly paying the installments towards the cost of the Flat. The allotment of flat was made in 2010-11 & the same flat was sold in 2011-12. Now, pls clarify followings; 1. how should we calculate the Capital Gains? 2. Indexation cost will be calculated on Payment basis? 3. Is it a STCG or LTCG as allotment was done only in 2010-11 & flat sold on 2011-12? An early response is highly appreciated. Thanks
04 September 2012
We purchased Rs.100 shares in 1998. We paid many amount between 1998 & 2010-11. Total approx Rs.35 lac. Allotment was in 2010-11 & the same was sold for Rs.50 lac in 2011-12. Can we bifurcate in two parts? One is sale of right to own a HP & other is HP itself?
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