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CAPITAL GAINS TAX ON SALE OF HOUSE - EXEMPTION

This query is : Resolved 
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(Querist)
05 January 2024 I HAVE PURCHASED A PROPERTY ( 3 Bhk FLAT) ON 24-03-2020 .
I HAVE NOT REGISTERED THE PROPERTY AND I AM SELLING IT ON 09-10-2023.
WILL THIS BE TREATED AS LONG TERM CAPITAL GAIN AND CAN I CLAIM EXEMPTION FOR LONG TERM CAPITAL GAIN.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 January 2024 Yes, it will be treated as long term capital gains and you can claim exemption for long term capital gains under section 54.
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