TaxTMI 
TaxTMI 
Long Term Capital Gains
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....ong Term Capital Gains<br> Query (Issue) Started By: - Ramesh M Dated:- 19-12-2015 Last Reply Date:- 2-11-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>I will get a Long Term Capital Gain of around ....
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....1 Crore on selling property A now. I booked an under-construction property B on April 2012. Agreement value is just above 1Crore. Construction started on June 2012. Registration was done on June 2014....
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..... Construction is almost over now. I'm yet to get the keys and possession letter. I have made 90% payment. As per my understanding, according to Section 54, to claim exemption from Long Term Capital ....
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....Gain Tax, * A new residential property must be purchased either 1 year before the sale or within 2 years after the sale of the property/asset. * Or the new residential house property must be const....
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....ructed within 3 years of sale of the property/asset Can I claim exemption from sale of property A, if I sell it now and get possession of property B in the next two months? Please advise. Regards, ....
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.... Ramesh Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether my presumption is correct? You are in possession of property A which is going to be sold by you. You want to claim exemptions from capital....
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.... gains tax by getting the possession of property which has been booked prior to the sales of A?<br> Discussion Forum - Knowledge Sharing ....