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?
Vijay Mohan (637 Points)
12 July 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(175487 Points)
Replied 12 July 2022
Whether the flats were sold during construction period?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(175487 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.
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
CAclubindia
