Capital gain sec 54 exemption

Hello, Neha ji

If you sold your new assests within 3 year from the date of purchase then capital gain claimed as exemption(RS 13.5 lakh) shall  be reduced from COST OF ACQUISITION of new assets.

Hence your cost of new assets will be reduced by 13.5 lakh and u hv to pay capital gain on such amount.(if you sale before 3 year)

Thanks 

But Sir is there any 3 party settlement possible withou any capital gain involved.

Like if I receive Rs 34 lakh back from a third party against that flat, will any capital gain be chargeable?

But its not registered till now, nor the posession is taken place. So, if its not purchase, how can it be sold?

okay, supposi I apay the tax imposed on me, but will I bea gainst facing short- term capital gain by receiving Rs. 34 lakh from the 3rd party, if the FMV of the flat rises on the date of sale, or it is irrelevant.

okay, suppose I pay the tax imposed on me, but will I bea against facing short- term capital gain by receiving Rs. 34 lakh from the 3rd party, if the FMV of the flat rises on the date of sale, or it is irrelevant?

Neha...i think first check out what is the stamp duty value of that assets, u cant sale your assets below stamp duty (other wise stamp duty value will be consider as a sale value for assets) 

As per your question i think fmv is irrelevent, but difference in sale consideration and cost of acquisition will charged to short term capital gain (if period is less then 3 year)

thanks 

thanks sir, but can part flat be sold? like in this case I have not even paid full amount?

Thank you very much Sir