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As you must know that the Real Estate Act has made it compulsory for builders to disclose the carpet area of the flats they sell. Also, there is a difference between the RERA carpet area and the net usable area. Read these answers to know more:
What is RERA Carpet Area?
What is the Difference in % Between Carpet & Rera Carpet?
What Is % Wise Difference Between Rara Carpet And Carpet Area?
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In 2015 I registered an under-construction 2bhk flat paying 21 lakhs. An agreement of construction was done for the remaining 22 lakhs. I got possession on January 2016. Cost of acquisition was 4376000 + property tax + registration + interior = 5300000. I’m selling the property now at 77 lakhs. How will the tax be calculated? The base price be 21 lakhs or 53 lakhs?
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Pradeep Parikh
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2 Year
2022-02-06T10:21:45+00:00 2022-02-07T18:39:22+00:00Comment
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