Income tax

Hello,

In order to claim deduction under capital gain property transfer shall be considerd as per Transfer of property ACt and not actual possesion, whic states that right in property is acquired its considerd transfer, and right can be acquired if you make payment for the property

if I am not wrong in understanding, the exemption on LTCG can be availed even if the builder give the possession of the flat after 3 years of booking if I pay full amount of the flat.

Yes, you are right