Legal Question in Real Estate Law in India

Capital gain on property

I want to know how capital gain is levied on a property being sold. I'm buying a flat which is under construction and will get possession only after 1year or so. Flat's registration is done and I've index-2 with me.

What I want to know is whats the earliest that I can sell this flat when capital gain is not levied on the sell.

Regards,

- B


Asked on 7/06/09, 10:07 am

3 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Capital gain on property

The incidence of capital gain is to be calculated only after the sale.

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Answered on 7/07/09, 12:23 am
Shrichand Nahar S.V.Nahar, Advocate

Re: Capital gain on property

Three years after delivery of possession.

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Answered on 7/07/09, 1:19 am
Rohini Kumar Tenneti R.K.1080 LEGAL SERVICES

Re: Capital gain on property

There is no limit as such,you have to calculate capital gains if you sell it for more than its acquisition

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Answered on 7/06/09, 11:37 am


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