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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Gain on Sale of pent house - LTCG or STCG - possession of the ...

Income Tax

May 30, 2019

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

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