https://www.taxtmi.com/forum/issue?id=1364 Whether the excess received on assignment of an allotment letter is a long term capital gain depends on whether that assignment constitutes a taxable transfer of the capital asset and on the factual date of sale; if treated as a long term transfer, exemption may be claimed by reinvesting in residential property under the statutory exemption framework (commonly invoked via section 54/54F), subject to holding period and reinvestment conditions. en-us Tue, 21 Jul 2009 13:01:06 +0530 Thu, 23 Jan 2025 15:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1364 Whether the excess received on assignment of an allotment letter is a long term capital gain depends on whether that assignment constitutes a taxable transfer of the capital asset and on the factual date of sale; if treated as a long term transfer, exemption may be claimed by reinvesting in residential property under the statutory exemption framework (commonly invoked via section 54/54F), subject to holding period and reinvestment conditions. Discussion-Forum Income Tax Tue, 21 Jul 2009 13:01:06 +0530 https://www.taxtmi.com/forum/issue?id=1364