Assessee wants to sell his property which was bought in Feb. 2006, now he wants to get exemption of Capital Gain by investing in new property and part of investment has already been done which was registered in 2012.
Futher we clarify that new Property is under construction (builder) and possession will be available in Jan,2015.
17 December 2014
But date of agreement is more than 1 yr before from the date of transfer of existing property i.e.sale. Whether Exemption will be available only when date of agreement is 1 yr before and 2 yrs after from the date of transfer???
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