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Capital gain on sale of residential flat

Ashok (Executive officer) (48 Points)

09 November 2017

I bought a flat in 2011 by paying full amount . But we entered in to the agreement in 2017 after completion of property.Would capital gain indexation calculated from 2011 or 2017 ?

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178301 Points)
Replied 09 November 2017

When was possession taken?

Any allotment letter or agreement while payment made?

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Ashok (Executive officer) (48 Points)
Replied 09 November 2017

Possession is yet to be taken as building is just completed. We have Allotment letter while we booked the flat

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178301 Points)
Replied 09 November 2017

"We have Allotment letter while we booked the flat ...........Would capital gain indexation calculated from 2011 or 2017?"...............

It will be Long Term Capital Gain Over rights aquired in property (but not over house property !!!)...... and hence indexation calculated from 2011.........