Hi,
I have a flat which I want to sell. Following are the dates of events. I want to know if I can claim LTCG or I will need to pay STCG in this case.
14-Sep-2009 - Agreement to Sale
30-Mar-2011 - Occupation Letter (please note this is not possession)
05-Jul-2011 - Last installment against part possession
29-Nov-2011 - Completion Certificate by Corporation
31-Mar-2012 - Possessoin Letter
01-Nov-2013 - I want to sell flat.
Please note that the occupation letter mentioned that the flat construction is complete and you can start your interior work/furniture work. The final possession will be issued after completion. Physically I got the possession and I started to live in this flat. But because technically the builder could not give possession letter before completion certificate from corporation and all buildings/amenities were not complete, so he delayed the possession letter.
In this case, can I consider the occupation letter or demand letter for part possession as the start date for calculation of 36 months?
Thanks for your valuable inputs.
BR,
Sarang
I have a flat which I want to sell. Following are the dates of events. I want to know if I can claim LTCG or I will need to pay STCG in this case.
14-Sep-2009 - Agreement to Sale
30-Mar-2011 - Occupation Letter (please note this is not possession)
05-Jul-2011 - Last installment against part possession
29-Nov-2011 - Completion Certificate by Corporation
31-Mar-2012 - Possessoin Letter
01-Nov-2013 - I want to sell flat.
Please note that the occupation letter mentioned that the flat construction is complete and you can start your interior work/furniture work. The final possession will be issued after completion. Physically I got the possession and I started to live in this flat. But because technically the builder could not give possession letter before completion certificate from corporation and all buildings/amenities were not complete, so he delayed the possession letter.
In this case, can I consider the occupation letter or demand letter for part possession as the start date for calculation of 36 months?
Thanks for your valuable inputs.
BR,
Sarang