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Capital Gains from Juhu Flat Sale: Holding Period Starts on Booking Date, Says CBDT; Affects Tax Treatment.

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....LTCG or STCG - period of holding - capital gain on sale of flat at Juhu - acquisition of rights in the property - the clarification given by the CBDT is equally applicable to the booking of the flats with the builders and period of holding will be counted from the booking of the flats.....

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