Ask Us: On investments - The Hindu
Handshakes with customer after contract signature In case of premature transfer of flats prior to receipt of CC, the taxable event occurs at the time of transfer of such flat. Q. I went into joint development with a builder in Chennai where the land belonged to me and the builder got a pre-agreed number of flats in lieu of undertaking the construction. I want to sell one of my flats as soon as it is handed over, so I want to know if it will attract capital gains, especially because the current guideline value is the same as when I entered the joint agreement.
Source: thehindu.com