I purchased one flat on November 2025 and now going to sell my old Flat. Do I get any kind of relief for this sell amonunt or I have to pay capital gain tax on the sell amount of my old flat. The flat I am going to sell is 22 years old.
Kindly.provide your opinions.
Thanks
T K Ghosh
Kolkata
Yes, you can claim exemption u/s. 54 IT act, 1961.
Thanks is there any time stipulation , please specify as I bought the flat.earlier my sell.
Once again many thanks for the information.
T k Ghosh
As per the section 54, you can purchase new flat within one year from the sell of original flat.
Sorry sir in my case I have already purchase the new flat before selling of old flat. In my case how Section 54 will help me please giide me.
Thanks for your time.
T k Ghosh
Yes, exemption u/s. 54 IT acrt is applicable in your case; as the time limit is specified as one year before to two years after the sell of original flat.
CAclubindia
