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Capital Gains

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2011 What will be the indexed cost of acquisition of property-

- Year of Booking under Installment Plan- May 2004

- Year of conveyance deed in buyers name- October 2008

- Year of Sale- August 2009

Is it a long term capital gain or short term capital gain

If it is a LTCG, can it be supported by some recent decided case laws to strengthen its logics
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prasad

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prasad (Expert)
18 June 2011 The transaction does not fall under long term capital gains.

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