Indexation and cost of acquisition of an under-construction property

How is capital gains calculated on transfer of an under-construction property? This question arises both when the property is sold before taking possession of the same, as well as when the property is sold after possession. There are primarily two issues here, both relating to the date of acquisition. One, from what date is the …

Read more

Will TDS apply despite capital loss from sale of property?

I am working in Australia and had invested ₹15 lakh in a residential property in India in January 2018. I now plan to sell the property for ₹18 lakh. Can the buyer deduct tax at the time of payment despite this transaction leading to a capital loss due to indexation? —Name withheld on request There …

Read more