Builder false promises causing me worries

If you sold your flat at more than the purchase price, you will have to pay Capital Gains Tax. 

Saving Tax in the above transaction

If you had purchased the first two flats three years prior to selling one flat back to the builder and purchased the one on tenth floor, capital gains would be exempt u/s 54. 

Originally posted by : CA Suraj Lakhotia
	If you sold your flat at more than the purchase price, you will have to pay Capital Gains Tax.  Saving Tax in the above transaction If you had purchased the first two flats three years prior to selling one flat back to the builder and purchased the one on tenth floor, capital gains would be exempt u/s 54.

Thank you Sir for your reply. Yes, I have purchased the first two flats three years prior to selling one back. Actually I had bought the flats when the construction had just started.

Will "me owning more than one house" cause issues for me ? I mean :-

• I have a house
• I buy 2 more houses when bulding had just started construction
• I sell 1 back to builder after 3 years.
• I buy same kind of house on 10th floor.

Please clear this for me.