Date of acquisition of flat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2012 I have been allotted a flat of co operative society in year 1983. for this i will have to make payment in installments. I made the payments well in time and last year in 2011 i received the possession of the flat. in year 2011 i sold it.
Now my question is whether i have to pay STCG or LTCG . what will be the period of holding from date of allotment of flat or date of possession.
reply soon.

SANDEEP AGGARWAL

SANDEEP AGGARWAL (Expert)
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17 February 2012 Date of acquisition is 2011 because possession is received in 2011.

Regards,

CA Sandeep Aggarwal