04 February 2009
Nature of Asset : Flat (Under Construction) Date of Purch Agreement (Registered) : 30/03/2004 Date of pyt for purch : 10/04/2004 Date of Possesison recd. : April'2007 Date of Sale : Jan'2009
04 February 2009
It will be short term capital gain because possession has been taken in April 2007 which is less than the mandatory period of 36 Months.
CAclubindia
