CA Sandip Akde (Self-Employed) (67 Points)
25 March 2016Fact of the Case :
Date of Purchase of Flat : 01.01.2012
Possession of Flat received on 01.06.2013
Date of Sale of Flat : 15.03.2016.
Whether Indexation benefit will get on the same ?
While calculating period of 3 years, Which date is relevant date of Purchase or Date of Possession ?
Priyanka
(Chartered accountant)
(371 Points)
Replied 25 March 2016
If agreement for purchase of flat is registered on 01.01.2012 then the relevant date would be the agreement date and not the possession date
you can claim benifit of indexation being a trf of long term capital asset
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