Holding time of house starts from allotment: ITAT

Gains arising from the sale of a long-term capital asset are treated as long-term capital gain (LTCG). For an asset to be regarded as long-term, the holding period of a house property is 24 months. Prior to 2017-18 financial year, it was 36 months.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2G8f1wa

• Tweet
• Share
• Share
• Share
• Share