Flat Allotment Date is Crucial for the Capital Gains : ITAT

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A very common question in mind of flat buyers rises at the time of sale of flat is -Which date–allotment date  or Possession or Registration of Flat – should be taken for capital gains purpose because if the flat is  Short Term Capital asset much higher tax is payable and no scope for availing exemption…

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Tags: Mumbai Tribunal

The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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