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.
