Rebate on Capital gains sec 54
This query is : Resolved
Shyam Chandre
(Querist)
05 January 2021
Hello experts. I am currently living in my own flat. I also booked new under construction flat in 2015 for which I am going to get possession in 2022. I plan to sell existing property in 2022 and move to new property.
Query - Can I claim capital gain exemption under section 54 on my old Property sale as I am selling old flat and taking possession/registering new flat in same year (although I have booked it in 2015)?
Query- Which date is considered for capital gain exemption under section 54 allotment date or registry date? There is lot of confusion on this.
Query - Can I claim capital gain exemption under section 54 on my old Property sale as I am selling old flat and taking possession/registering new flat in same year (although I have booked it in 2015)?
Query- Which date is considered for capital gain exemption under section 54 allotment date or registry date? There is lot of confusion on this.
25 September 2021
1. Yes.
2. Registration date.
2. Registration date.
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