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LTCG or STCG?

Sri Snigdha (Articles Assisstant) (499 Points)

16 August 2023

An assessee has interited plot from her deceased husband which was purchased in 1980. It was given to development in 2017 for 10flats for which assessee was given 4 flats in the dec2021.She want to sell a flat to a buyer in sept 2023. Whether LTCG or STCG will be applicable for the flat sale.?

Thanking you

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177896 Points)
Replied 16 August 2023

Whether any LTCG declared in AY 2022-23 over the transfer of land?

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NAGARAJAN P R (2 Points)
Replied 16 August 2023

What is the difference between commutation of pension and a loan? both cases we pay principal and interest

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177896 Points)
Replied 16 August 2023

Commutation of Pension means payment of lump sum amount in lieu of a portion of pension surrendered voluntarily by the pensioner based on a duration of period in relation to the age. This is purely an optional facility provided by the Government to the pensioner.

Here pensioner receives a portion of pension amount in lump sum.

While LOAN is money lent at interest.