Which Date-Booking or Possession or Registration -Is Important For Capital Gains Tax?

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For the purpose of transfer of flat from a builder or anyone, the question ceratinly hounds mind of tax payer when he sits to decide whther the gain from sale of the house is short tern capital gains or long term capital gains An updated post should be read at http://taxworry.com/allotment-date-or-booking-date-of-flat-not-possession-date-or-registartion-date-is-important/ .For deciding the nature of gains ,…

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Tags: House Income officer purchase Registration tax taxes term

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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