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PC (X)     02 September 2010

Short Term Capital Gain tax

Hello,

I booked a flat in Pune in Feb 2007 and paid gradually to the builder as development progressed. Around the same period i.e. in Feb 2007 the agreement was executed with the builder but was not registered which means that we both signed but we did not get it registered i.e. StampDuty/Registration NOT paid.

Now if we register, say on 15th Sep 2010 and also get the possession soon and then if we sell, so to summarize the dates are:

Booking (and agreement execution) Date: Feb 2007

Registration Date: Sep 2010

Possession Date: Sep 2010

Re-sale Date: Sep 2010

Would the transaction attract short term capital gain tax?

Thanks.



Learning

 2 Replies

A V Vishal (Advocate)     02 September 2010

It is STCG

Arhanath Patil (B.Com , CA-Final)     07 December 2010

It is Short Term Capital Gain only


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