Short term capital gain?
This query is : Resolved
26 August 2011
Assessee Mr. X
full allotment-rec. in 1993
full cost paid-in 1994
Registry -in dec. 2007(Due to some dispute with GDA)
Possession take -in Feb. 2008
Sold of Property -in Dec. 2008
is it LONG TERM CAPITAL GAIN/STCG
Plzzzzzzzzzzz help.
thanks in advance
full allotment-rec. in 1993
full cost paid-in 1994
Registry -in dec. 2007(Due to some dispute with GDA)
Possession take -in Feb. 2008
Sold of Property -in Dec. 2008
is it LONG TERM CAPITAL GAIN/STCG
Plzzzzzzzzzzz help.
thanks in advance
26 August 2011
it is long term capital gain.
Message likes :
1 times
27 August 2011
please give me some relevant case laws/circular etc. so that assessee can cliam deduction u/s 54..............
27 August 2011
please suggest...........period of holding should be taken from the date of allotment or from the date of possession?
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