54F for under construction property before sale of original capital asset

KALPESH JOSHI (215 Points)

17 August 2022  

Hello, i am aware of 54F conditions . 

I have purchased a residential flat which is under construction on 25 nov 2021. And my capital asset sell date is 28 dec 2021.

By the definition it states. Should purchase a residential house 1 year before or 2 year after or construction after 3 year sale of original asset. 

In my case i become eligible for 1st clause which is 1 year before purchase of residential flat but main problem is possession of flat which is in 2024. Although AGGREEMENT to sale which is registry has happened on 25th nov itself on index 2 it is showing same date. But it is under construction flat. 

Am I still eligibility for exemption u s 54f?