Capital Gain Clarifications

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  1. Ashish_2505

    Ashish_2505 New Member


    I have a builder apartment for which some significant dates and facts are as following:
    a) Agreement To Buy - Aug 2007
    b) Possesion from Builder - Nov 2010
    c) Registry Done - Mar 2016 (got delayed due to some unavoidable reasons)
    d) Bought(second purchaser) an under construction apartment in 2007. Some payment was due to builder(construction linked) and thus made payment (Agreement - Builder Installment) to seller
    e) Took Loan and cleared Loan by 2012.
    f) Registry done in 2016 at persisting circle rate

    1. Which date shall be considered to calculate 36 months in order to decide LTCG or STCG. Agreement/Possession/Registry?
    2. Similarly, which year shall be considered for indexation since I was also paying builder installments from 2007 to 2010?
    3. Is there any provision to get Loan interest also considered as cost for calculating capital gain?
    4. For renovation work done at home after possession, I dont have any receipts. Can I still somehow put it as cost?
    5. Have rental income(fully tax payed) from some years. Does it have any impact on capital gain calculation?

  2. Yashveer Jain

    Yashveer Jain New Member

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