An assessee sold his flat in the FY 2014-15 and got LTCG of 45L. Let us say property 'A'
Now he purchased another property which he wants to sell it off in few months time. This is an under-construction property. Let us say property 'B'
Thereafter, from the amount received from sales, he wants to purchase another property within the same FY 2014-15. Let us say property 'C'.
What details he needs to put in the ITR for the FY 2014-15? Can he show only the 'C' purchase in ITR and claim exemption u/s 54? Or will he incur STCG also by selling the 'B' property within the same FY?
Thanks