Neets Abh (3 Points)
28 June 2023Hi,
I have purchased under construction property which will be ready in 2027 May.
If i want to invest capital gain from sale of existing property in above property, when should I plan to sell the existing property?
Is it within 1 year from the time new property is booked?
Thanks
Abhi
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195640 Points)
Replied 28 June 2023
Within one year before registered sale agreement. (Or two years after that)
Neets Abh
(3 Points)
Replied 29 June 2023
Ok , thanks, just to confirm, i can sell old one 2 years after the sale agreement of new property and the construction of new one should finish within 2 years of sale?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195640 Points)
Replied 29 June 2023
Yes, eligible, if you pay (at least) the capital gain amount to builder before filing relevant ITR.
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