I have purchase a house for 148 lakhs jointly with wife in Nov2019 I invested my retirement benefits and saving.
After 10 month in Sep 2020 I have sold my flat for 48.75 lakhs. Can I use this lcapital gain for claiming the tax saving as it was BUY first and SELL later with in 1 year.
If it is acceptable can I build a new house in my site for 50 Lakhs. some one said that If I construct a new house with in in three years , capital gain saving will be canceled. Other said is it applicable only to 84F case not for section 84.
Please clarify