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Capital Gain on sale of property.

Final 296 views 5 replies
Mr.A Sale his Flat for Rs.20Lacs. and after this Mr.A purchase new flat from Mr.C.

question is : New purchase flat is mahada flat so previous owner Mr.C cant not sale flat before 5 years. But both seller and purchaser made sale agreement and Mr.A paid money to Mr.C by way of Cheque.

NOW Mr.A can claim U/s54.?
Replies (5)

Yes, provided possession of flat is received legally.

Yes, Exemption would be allowed.
yes u can claim
addition to my question flat is not register and stamp duty is not paid, also not transfer share certificate of mahada flat, all documents trs after 5 years, then also can I claim F.Y.17-18.

No.


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