Dear Sir /Madam I wish to know as to what will be the date of acquisition amongst following date for purpose of calculation of Long term / short term capital gain for a residential flat booked with builder under construction linked payment plan in a multi story apartment . 1. Date of issue allotment letter of the flat after receipt of booking amount by the builder i.e., say May 2009. 2. Date of signing buyer purchase agreement between buyer and builder i.e., say May 2009 3. Date of handing over of physical possession of the flat i.e., say Aug 2012 & Date of registration of sale deed between buyer and builder on Aug 2012 In case the flat is sold in Dec 2014 whether it will be short term capital gain or long term capital gain . Regards Chanchal
