LTCG Indexation Starts from Builder Buyer Agreement, Not Provisional Allotment: Delhi HC

Praveen Gupta Vs DCIT (Delhi High Court) The Delhi High Court has ruled on a significant aspect of calculating Long Term Capital Gains (LTCG) for residential property sales, affirming that the benefit of cost indexation can be claimed only from the date of the formal Builder Buyer Agreement (BBA), and not from the date of initial payment or provisional allotment. The judgment was passed in the case of Praveen Gupta Vs Deputy Commissioner of Income Tax (DCIT), concerning the Assessment Year 2016-17. The court dismissed the assessee’s appeal, which sought to overturn an addition of ₹4,12...