As per section-2(29A) of Income Tax Act,1961,any capital asset which is not a short term capital asset is a long term capital asset i.e. any capital asset held by assessee for a period of more than 36 months is a long term capital asset.
For the purpose of capital gain, transfer is defined as any transaction involving the allowing of the possession of any immovable property in part performance of a contract in the nature of section-53A of Transfer of Property Act,1882.Therefore if you have taken actual possession of property on 30-03-2011,you may calculate holding period from that date as in the hands of the builder the capital gain/income from business or profession will be charged on this date, therefore you may be regarded as the holder of the property from that date.
I hope it will help.
Thank You
For the purpose of capital gain, transfer is defined as any transaction involving the allowing of the possession of any immovable property in part performance of a contract in the nature of section-53A of Transfer of Property Act,1882.Therefore if you have taken actual possession of property on 30-03-2011,you may calculate holding period from that date as in the hands of the builder the capital gain/income from business or profession will be charged on this date, therefore you may be regarded as the holder of the property from that date.
I hope it will help.
Thank You