Capital Gain Reinvestment
This query is : Resolved
31 July 2023
Assessee Sale Residential property in 2022-23 and invested the amount in New Residential property and part payment made (which is morethen total sales consideration)
But the possession or registration to be made in 2028 (after three years)
Is he elgible to take exemption on payment base or registration is compulsory within three years. ?
But the possession or registration to be made in 2028 (after three years)
Is he elgible to take exemption on payment base or registration is compulsory within three years. ?
31 July 2023
As such completion of construction or possession is required within three years. You may have to go for appeal if the ITD do not consider the exemption.
11 September 2024
Good Luck.
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