https://www.taxtmi.com/forum/issue?id=111489 Whether capital gains exemption under section 54 applies depends on timing of payments and beneficial ownership: payment for an under construction flat was made from sale proceeds via the assessee's son before the transfer, with final registration to the assessee after transfer. The key questions are whether those advances qualify as a purchase within the one year pre transfer window or as construction within three years, and whether routing payments through a third party defeats beneficial ownership for exemption purposes. en-us Fri, 10 Feb 2017 18:42:53 +0530 Thu, 23 Jan 2025 15:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111489 Whether capital gains exemption under section 54 applies depends on timing of payments and beneficial ownership: payment for an under construction flat was made from sale proceeds via the assessee's son before the transfer, with final registration to the assessee after transfer. The key questions are whether those advances qualify as a purchase within the one year pre transfer window or as construction within three years, and whether routing payments through a third party defeats beneficial ownership for exemption purposes. Discussion-Forum Income Tax Fri, 10 Feb 2017 18:42:53 +0530 https://www.taxtmi.com/forum/issue?id=111489