Tax on Sale of Property(Flat) under construction

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  1. AdityaTidke

    AdityaTidke New Member

    My flat(in Uttar Pradesh) is under construction since 2011 and yet I have not received the possession of same. Builder has reportedly completed the construction but not been issued a completion certificate. I intend to sell it and my profit will be approximately Rs 10L. How will be my tax liability calculated(income tax/capital gain tax/ etc)? Will the Home Loan interest paid by me in last 5 years be eligible for any rebate?
     
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