Anupam Bhandari (10 Points)
24 May 2024Hi,
I have a long term capital gain of 30 lacs after indexation and the total sale consideration is 1.9 cr. (Sale date June 1, 2024)
I have already purchased a under-construction flat worth 2 cr on April 10, 2024 and the possession date is December 31, 2027.
How early can I sell this new flat and also get the tax benefit claimed earlier while purchasing this new flat.
sabyasachi mukherjee
(27579 Points)
Replied 24 May 2024
Kiran Hathalia
(837 Points)
Replied 24 May 2024
Anupam Bhandari
(10 Points)
Replied 24 May 2024
The possession of this under construction flat is not within 3 years from the date of purchase. Can I still claim tax benefit from this?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178310 Points)
Replied 24 May 2024
Legally not, but there are case laws supporting assessee in such case.
CAclubindia
