https://www.taxtmi.com/forum/issue?id=107625 The document presents three operational issues concerning capital gains exemption for investment in an under construction residential property: (1) whether a taxpayer holding two properties may sell one and claim concurrent exemptions given the holding limit condition for reinvestment relief; (2) whether the date of acquisition for an under construction property is the date of agreement (with upfront payment) or the date of possession; and (3) whether delayed delivery of possession by the builder within the prescribed period necessitates adding back the previously claimed exemption. en-us Wed, 26 Nov 2014 13:31:03 +0530 Thu, 23 Jan 2025 15:57:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107625 The document presents three operational issues concerning capital gains exemption for investment in an under construction residential property: (1) whether a taxpayer holding two properties may sell one and claim concurrent exemptions given the holding limit condition for reinvestment relief; (2) whether the date of acquisition for an under construction property is the date of agreement (with upfront payment) or the date of possession; and (3) whether delayed delivery of possession by the builder within the prescribed period necessitates adding back the previously claimed exemption. Discussion-Forum Income Tax Wed, 26 Nov 2014 13:31:03 +0530 https://www.taxtmi.com/forum/issue?id=107625