Capital Gains Indexation Date - is it agreement date, payment date or registration date?

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  1. Hari Iyer

    Hari Iyer New Member

    I bought a flat off-plan from a builder. The following are the 3 dates:
    1. Agreement was dated December 2007
    2. 100% payment was made in January 2008
    3. Registration of the flat in September 2012

    But the flat is not yet fully completed. The builder is in financial difficulty and only completed the external structures and works. Internally electrical, tiling, kitchen etc are still outstanding. The flat has never been occupied and not liveable. I insisted on registration to protect my asset even though the flat was not fully completed.

    If I sell this flat as it is (part-completed), which period Cost Inflation index 551 (2007-08 financial year - agreement and payment dates) or the registration period Cost Inflation Index 852 (2012-13 financial year) would be used for calculating Capital Gains Tax?
     
    Last edited: Oct 9, 2016
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