Capital Gain On Residential Property long Term or Short Term

hanifpro badge (consultants) (82 Points)

14 December 2021  

Hello Every One, 

My Client has purchased a Flat in Mumbai for  63000000 on  26-06-2013

Registration is done on 30-09-2013.

A possession letter  was given on  20-02-2020

Sold  the same for 7500000  on  22-03-2021

Is this a long  term gain or a short  term  gain  Please  reply

Thanks  in advance