14 June 2014
THE PROPERTY PURCHASED IS UNDER CONSTRUCTION REGISTERED AGREEMENT ENTERED 39 MONTHS AGO BY PAYING Rs 30 LAKHS SUBSEQUENT PAYMENT MADE Rs 60 LAKHS OVER A PERIOD OF 3 YEARS. BALANCE PAYMENT OF Rs 10 LAKHS TO BE GIVEN ON POSSESSION OF FLAT. QUERRY IS IF I SELL THE PROPERTY BEFORE TAKING THE POSSESSION HOW WILL BE THE CAPITAL GAINS BE TREATED,AS REGISTERED AGREEMENT IS EXECUTED 39 MONTHS AGO. WHETHER CLAIM CAN BE TAKEN u/s 54/54 F.
CAclubindia
