We have a query regarding applicability of Capital Gain on Resale of Flat to Non Resident. Facts are as follows.
FACTS
1. Date of Booking 10/09/2010.
2. Date of Purchase 22/10/2013.
3. Purchase Value - Rs 20,05,000/-.
4. Sale Value - Rs 20,05,000/-
6. Compensation Paid Rs.8,93,446/-
Queries
1. Whether Long Term Capital Gain/Short Term Capital applicable ?
2. What will be the date for taking Indexation Cost of Acquisition if booking is done and registered after some days as the above case ?
3. If it does not comes under LTCG then at what percentage TDS to be deducted for the compensation paid to Non Resident under which Section?
4. If there is loss in LTCG are we required to apply for PAN ?
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