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Flat sold 10 days after registration: How an allotment letter helped an NRI claim long-term capital gains tax benefits

Flat sold 10 days after registration: How an allotment letter helped an NRI claim long-term capital gains tax benefits

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An ITAT Surat ruling held that an NRI's property holding period began with the 2011 allotment letter, not registration in 2016. The decision highlights why allotment documents matter when determining long-term capital gains tax on property sales.

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