Disallowing Exemption under capital gains ?

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If you've claimed capital gains tax exemption under Section 54 after selling a property and buying a new one, be aware of the rules. You generally cannot sell the new property within three years of its purchase date. Doing so could lead to the disallowance of the exemption you initially claimed. The purchase date is key to calculating this three-year window.

Ashwini

Ashwini (Querist)
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15 March 2025 I have sold an apartment in Bangalore on 19 September 2023( unregistered apartment)and purchased an apartment in Hyderabad on October 13 2023 with sale proceeds of the above said Bangalore apartment.
I have claimed exemption under section 54 while filing my return .
If I want to sell the new apartment once construction is over,will they disallow my exemption which I claimed in my Return ?