My query is as follows: Mr A sold his flat on 23-09-2024. He entered into an agreement to purchase a new flat on 30-05-2023, which is still under construction. To claim the exemption of LTCG, he must purchase the new property one year before the date of sale of the old property.
In this case, it is more than one year (30-05-2023) before the sale date of the old property (30-09-2024), but still under construction. Will he be eligible for LTCG exemption?
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