{"id":24904,"date":"2022-02-19T16:53:25","date_gmt":"2022-02-19T11:23:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=24904"},"modified":"2022-02-21T15:49:19","modified_gmt":"2022-02-21T10:19:19","slug":"capital-gain","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/capital-gain\/","title":{"rendered":"Capital Gain"},"content":{"rendered":"<p>Residential Flat in Mumbai<br \/>\nFlat Purchased on 13.10.2015<\/p>\n<p>Total cost of Acquisition including stamp duty and other charges Rs.45 Lakhs<br \/>\nSociety gone for Redevelopment<\/p>\n<p>Development Agreement Registered\u00a0 between society and Developer on 01.07.2015<br \/>\nPermanent Alternate Accommodation Agreement (PAAA) Between Flat Owner and Developer registered on 05.05.2017<\/p>\n<p>Value of the flat as per Stamp duty Authority as on 05.05.2017 RS.21 Lakhs<br \/>\nFull Occupancy certificate received on 14.08.2020<br \/>\nSold on 10.08.2021<br \/>\nSales Consideration RS.85 Lakhs<\/p>\n<p>Query:<\/p>\n<p>Taxation of Capital gain in which Year and also Whether it is short term or Long considering<br \/>\nSection 45(5A) effective from AY 2018-2019<\/p>\n<p>Transfer U\/s.2(47)(v) section 45 of IT Act and Section 53A of TOPA and also whether any benefit of section 54 available.<\/p>\n<p>Kindly share your valuable Opinion<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[24,508],"class_list":["post-24904","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-capital-gains","qa_tag-residential-flat"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/24904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=24904"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=24904"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=24904"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=24904"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=24904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}