Capital gain in under construction

disha paliwal (CA) (47 Points)

26 June 2023  

What I have read as per IT, if we are adjusting capital gain (received from sale of long term property) in under construction property we should have possession in 3 years , but someone told that this case is applicable when someone is constructing on own, but if builder is constructing and has given construction timeline which takes more than 3 years we can still invest