Capital gain on sale of property

Hii

If you sale Group Housing flat in 2017 than its Long term capital gain .

If you sale dda flat in 2017 than its shirt term capital gain

Hi,

In my opinion, Date of acquisition depends upon the nature of agreement. You will become the owner of a flat when the right to ownership is established.

If allotment of Shares in Society establishes ownership, Then 2005 will be the Date of Acquisition.

If the period of holding from the date of acquisition till the date of sale is 36 months or higher, it will be LTCG. Otherwise, it'll be STCG

I my view date is Jan 2016

Some Judgments consider date of application and some said date of allotment is relevant for calculating capital gain

I my view date is Jan 2016

Some Judgments consider date of application and some said date of allotment is relevant for calculating capital gain

Short Term Capital Gain since date of acquisition shall be date of allotment of flat i.e. Jan,2016

Hello Sir,

It will be a case of Long Term Capital Gain.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, ACA, LLB-GEN, CERT. FAFP

But I am still quizzed as to how could you get a share certificate before even getting a flat allotted in your name ?