| Question And Answer | |
|---|---|
| Subject: | Sale of Tenanted Redeveloped flat |
| Category: | Income-Tax |
| Querist: | Surendra Bhide |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Capital Gains, redevelopment |
| Date: | January 24, 2024 |
My father in law stayed in tenanted property since 1958 in Vile Parle Mumbai. Flat size was 232 sq ft. Developer built 300 sq ft as per regulation and further 121 sq ft. 232 was free and we were to pay for additional 189 sq ft. PAA was registered in Aug21. Completion certificate Feb23. We want to sale in Jan24. Will it get classified as STCG or LTCG. Can date of signing the PAA be taken as date of acquisition and stamp duty value on that date as cost of acquisition. Completing 24 months from PAA registration date. Thanks
Reply of the Expert is awaited. Please check back later
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