Tax on Sale of Property Sold before Possession

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  1. Dear Sir,
    If a flat is sold before or after 3 years from dt of booking before possession do ltcg tax and stcg tax apply here as they apply after registration of property

    or ltcg & sctg rules apply from dt of booking not registry
    Regards
     
  2. Manoj Mehra

    Manoj Mehra Active Member

    If you sell before 3 years, it would be considered as STCG.

    Even if the property is not registered in your name, it would be considered as an asset and the same provisions would be applicable.
     
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