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    <title>LTCG / Under construction flat / Selling before or after possession ?</title>
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    <description>Sale of a pre-construction booking is a transfer of rights and the period of holding is counted from the booking/assignment date; if that period exceeds the long-term threshold the gain is treated as long-term capital gains. Sale after possession and registration is treated as sale of house property and the period of holding is counted from the date of possession for determining long-term capital gains status.</description>
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      <description>Sale of a pre-construction booking is a transfer of rights and the period of holding is counted from the booking/assignment date; if that period exceeds the long-term threshold the gain is treated as long-term capital gains. Sale after possession and registration is treated as sale of house property and the period of holding is counted from the date of possession for determining long-term capital gains status.</description>
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