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Registry or possession date: How is capital gains calculated?- Property Hotline
Posted
November 3, 2016
Views
833
Likes
4
Engagement
0.48%
November 3, 2016
833
4
0.48%
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1:14Now Playing
2:23Expert: Vinay Singh, Tax and Legal Expert.
Question: I have property in Pune that I registered in February 2012 and got its possession in October 2016. For sale and capital gains tax which date is to be taken into consideration?
Answer: Your date of possession is critical and capital gains will be calculated from the date of possession. The asset will be considered long term if you hold it for 3 years from this date.
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