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Taxation

Querist : Anonymous (Querist) 11 February 2011 This query is : Resolved 
I had a flat in delhi of co-operative society which I sold in december 2009. Because i got possesion of this flat in march 2009 I paid short term capital gain. Now MCD sent notice for property tax from 2005-06 to 2009-10. Due to some DDA objections flat allotments got late. Now please clear I was owner of the flat from 2005-06? If yes, then there is no liability to pay short term capital gain. Kindly clear the doubt.
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A V Vishal (Expert) 11 February 2011
When was the flat allotted.

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