TMI BlogGain on Sale of pent house - LTCG or STCG - possession of the flat is flowing from the terms and...Gain on Sale of pent house - LTCG or STCG - possession of the flat is flowing from the terms and conditions mentioned in the buyer’s agreement itself hence the date of possession cannot be reckoned as a date of the acquisition of the flat for the purpose of computing the period of short term or long term - date of buyer’s agreement is the date for acquiring the rights in the property - LTCG ..... X X X X Extracts X X X X X X X X Extracts X X X X
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