Can i take benefit of 54f on LTGC

sameer (gm) (21 Points)

01 April 2020  

I have sold a plot which i bought in year 2014 on July 2019. I am thus required to pay LTCG.

My Question is whether or not I can take benefit of Sec 54 F against this sale for purchase of residential flat from a builder which I had booked earlier on August 2016 and 95 % payment was done then only, however I have got possession letter from builder in May 2019 and registry was done in February 2020.

Thanking you in anticipation.