Capital gains exemption

Hi all,

As we all know that when new property is purchased for claiming capital gains exemption, the same should not be transferred within 3 years.

Can somebody please advise which date will be considered for computing the period of 3 years, will it be,

1. Date of making substantial payment for the property?

2. Date of Registration of the property?

3. Date of Possession of the property?

Please answer with relevant case law if possible...

urgent matter...

Thanks in advance...

Replies (3)

Babita,

Date of acquisition is to be considered as the date on which the agreement to purchase is undertaken with the seller of the property.

 

The act is very much silent about the payment conditions of the purchased asset.

Only payment date is relevant 

Thanx a lot to both of u....

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details