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Ltcg on sale of a flat
Dear Sir, I have booked an under construction flat in August 2013 with proper agreement letter and payment duly mentioned in my registry. The possession and registry took place in May. 2015. Now I have decided to sell this flat. Can I be exempted from the tax in terms of LTCG if I buy another ready to move flat within a year or so! Thanks
Replies (1)
flat is registered to your name in May 2015 so Assets not considered as long term assets .
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