Sale of unregistered flat
Dear sir, I booked a under construction flat in 2011 at a total value of 20lakh upfront down payment, which I got possession letter in March 2014. Now in Oct 2017 I want to sell it at 35lakh. The flat has not been registered and I want it to sell via tripate agreement between me, purchaser and developer. Please inform if I can use cost inflation index to save Long term capital gain as the property is not yet registered . Please inform what tax implications is there and how can I save tax on the sale. This is a single property in my name.
Asked 1 year ago in Capital Gains Tax from Delhi, Delhi
Also please inform from when the cost indexation can be applied that is date of allotment letter 2011 or from date of possession letter 2014 for sale of above unregistered flat
Asked 1 year ago