Capital gain


Dear Experts,

Property A) I purchased a flat in 2007 for Rs. 13.5 Lac and paid Rs 79000/- as registration and stamp duty.  Final payment was done in year 2008 and I received completion certificated in September 2008. Total cost of property came to be 1429000/-. The registration of the property was done in 2009.

Here what will be Cost Inflation Index Year of Purchase?

I have sold off my property "A" for 19 Lac and the transfer will happen in Dec 2015. I received token money in the month of October 2015 and will complete the deal in December 2015.

Property B) I purchase a new flat in June 2013 for Rs.23 Lac. I have already paid to the bullder Rs. 15 Lac and rest 8 lac will be paid by the bank in Dec 2015 at the time of registration.The competion certificated is pending and the property will be registered in Dec 2015 or Jan 2016.

Here what will be Year of Purchase 2013 or 2015/16

Pl. help me with the purchase year or CII year so that I can calculate my capital gain.

If there is capital gain will my new purchase flat will avoid the tax on capital gain?

Regards,

 

 
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