Fact 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 ?
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
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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