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Treatment of memorandum of understanding
person purchased a flat by memorandum of understanding n DLC is more than purchase, date of agreement and date of purchase is different. whether there is LTCG. what treatment should be done in this case
Replies (2)
If the date of agreement for the flat purchase and the date of the actual purchase are different, the cost of acquisition should be determined based on the agreement date. LTCG will be applicable.
LTCG applicable in your case. Use date of agreement for calculation of indexation.
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