Sir,
One of My query regarding the taxability of Capital Gain:-
One of My Client aquired the property i.e. Land with RT Shed throuh gift in the Year 1980 ( Previous Owner Cost is 35000/- only) and subsequently he enteted in development agreement in the year 2011 and get the three(03) Flats in lieu of Land in Completation of Building in the Year 2014 and susequently he sold out one Flat in the year 2017.
Sir my question is that in which year capital gain taxability raised as the Assessee not yet filed any return, please also explain whether the sale of one Flat in the yr. 2017 from owner allocation is LTCG or STCG why?
