20 May 2017
A individual is having a residential flat purchased in the year 1988-89 Society entered MOU with developer in 2013-14 He received flat with 700 sq ft against 500 sq ft and obtained another 200 sq ft by paying additional charges to developer. Possession and agreement is executed in 15.6.2016. Whether the capital gain is applicable to an individual? If so in which year and on what amount. Whether exe u/s 54 is available
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