Penthouse Sale Gain: Classified as LTCG or STCG Based on Buyer's Agreement Date, Not Possession Date.

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

→ Full Text of the Document

X X   X X   Extracts   X X   X X