my client given land for development.in consideration the builder gave 4 flats
my client sold 2 flats
what is the date of acquisition
Whether the flats were sold during construction period?
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 12 July 2022
First you have to asses LTCG over land as 4 flats were received in lieu of the land. The completion date would be date of acquisition for the flats, most probably for flats it would be short term gain.
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