Capital gain on sale of flat in 2024
This query is : Resolved
22 December 2024
Dear Sir,
In a case, builder transferred possession of flat to assessee but due to lack of some approvals, builder did not done registry in favor of assessee. Now in 2024 assessee has sold out said flat. whether the said transaction would be covered under capital gain or not, as assessee did not had ever registry of said flat.
Please clarify.
In a case, builder transferred possession of flat to assessee but due to lack of some approvals, builder did not done registry in favor of assessee. Now in 2024 assessee has sold out said flat. whether the said transaction would be covered under capital gain or not, as assessee did not had ever registry of said flat.
Please clarify.
22 December 2024
It will be under capital gain as possession of the property was held.
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