https://www.taxtmi.com/highlights?id=101990 In redevelopment arrangements, permanent alternate accommodation is treated as a continuation of ownership rights in the original flat rather than a newly acquired capital asset. The holding period runs from the allotment or crystallisation of enforceable rights under the redevelopment arrangement; additional area received, whether purchased from the developer or transferred by a family member, also arises from those pre-existing rights and is not separately dissected. Where that period exceeds the statutory threshold, gains on sale are long-term capital gains, allowing indexed acquisition cost and residential-house capital-gains exemption under sections 54/54F in accordance with law. en-us Thu, 23 Jul 2026 08:42:56 +0530 Thu, 23 Jul 2026 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=101990 In redevelopment arrangements, permanent alternate accommodation is treated as a continuation of ownership rights in the original flat rather than a newly acquired capital asset. The holding period runs from the allotment or crystallisation of enforceable rights under the redevelopment arrangement; additional area received, whether purchased from the developer or transferred by a family member, also arises from those pre-existing rights and is not separately dissected. Where that period exceeds the statutory threshold, gains on sale are long-term capital gains, allowing indexed acquisition cost and residential-house capital-gains exemption under sections 54/54F in accordance with law. Highlights Income Tax Thu, 23 Jul 2026 08:42:56 +0530 https://www.taxtmi.com/highlights?id=101990