A person bought a bouse in 2004 under construction linked plan and every year he paid some amount and in 2009 he finally got the property and in 2018 he sold it. Now my query is to what price the indexation will be applied as payment was distributed in 5 years. (Total paid 20L, each 5 years paid 4L) So how will the base price and year be determined for indexation?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 14 June 2018
Date of possession is safer mode.......
Akhil
(Student CA )
(1005 Points)
Replied 14 June 2018
i think c.i.i of 2009 is to be taken....as the ownership is actually trnsfrd on that date....
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