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Flat possession

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(Querist)
02 March 2013 I have one query: I have sold my flat and corresponding flat has been purchased and the same has been registered, but the possession is due after 2 years. Just wanted to confirm whether im eligible for exemption u/s 54
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Santosh Mishra

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Santosh Mishra (Expert)
02 March 2013 Yes but the ocnstruction of new property within three years from date of transfer previous property
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Santosh Mishra

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Santosh Mishra (Expert)
02 March 2013 Construction of new property should be completed within three year from date of transfer previous property.
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