https://www.taxtmi.com/forum/issue?id=109571 Whether a taxpayer realising a long term capital gain can claim exemption under Section 54 where a replacement residential property was booked earlier, largely paid for and registered, and possession is imminent. The taxpayer cites the statutory conditions that a new residential property must be purchased one year before or within two years after the sale, or constructed within three years, and asks if imminent possession of the booked under construction unit suffices to meet those temporal and transactional requirements for exemption. en-us Sat, 19 Dec 2015 18:27:34 +0530 Thu, 23 Jan 2025 15:56:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109571 Whether a taxpayer realising a long term capital gain can claim exemption under Section 54 where a replacement residential property was booked earlier, largely paid for and registered, and possession is imminent. The taxpayer cites the statutory conditions that a new residential property must be purchased one year before or within two years after the sale, or constructed within three years, and asks if imminent possession of the booked under construction unit suffices to meet those temporal and transactional requirements for exemption. Discussion-Forum Income Tax Sat, 19 Dec 2015 18:27:34 +0530 https://www.taxtmi.com/forum/issue?id=109571