https://www.taxtmi.com/forum/issue?id=3681 The date of acquisition for capital gains is ordinarily the date of allotment or possession of a ready property; booking establishes contractual rights but does not amount to acquisition for capital gains computation. If only contractual rights are transferred, the agreement date may be relevant. Booking may be recognised for investment or reinvestment deduction purposes, but that does not convert booking into the acquisition date for computing capital gains. en-us Mon, 26 Dec 2011 11:53:31 +0530 Thu, 23 Jan 2025 15:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3681 The date of acquisition for capital gains is ordinarily the date of allotment or possession of a ready property; booking establishes contractual rights but does not amount to acquisition for capital gains computation. If only contractual rights are transferred, the agreement date may be relevant. Booking may be recognised for investment or reinvestment deduction purposes, but that does not convert booking into the acquisition date for computing capital gains. Discussion-Forum Income Tax Mon, 26 Dec 2011 11:53:31 +0530 https://www.taxtmi.com/forum/issue?id=3681