I am planning to sell my residential property .I paid the first installment and got the allotment letter in april 2013 and I have got the property registered and got handling letter last month. What will be the date of acquisition- date of first instalment or date of registration? Will it be short term gain or long term gain?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177840 Points)
Replied 21 October 2016
Long term based on rights aquired in property, by way of allotment letter.
Ashok Kumar
(CA qualified)
(389 Points)
Replied 21 October 2016
Date of agreement will decide the date of acquisition
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