Please Help: capital gain
Posted Date : 25-Apr-2014 , 04:24:59 pm | Posted By: Ritesh Mittal
Category :
Income Tax | Answers :
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I had booked a flat in a project 3 1/2 years back. but possession still not recd. I have paid 8 out of 10 installment to the builder through CLP method. Now If I transfer it to some one, how capital gain will be calculated. It will be Long term or short term ? and if I can take the benefit of indexation on paid installments. Pl suggest any body. |
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Answers:
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 Answer by: Shankygarg |
| First, it will be Long term capital Gain(It will be considered as sale of right not sale of flat).
Yes,Benefit of Indexation is available.
And, separate calculation will be done for each installment paid for Indexation Purpose.
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