Date of acquisition of under construction property sec54

Hello,

I purchased flat A in year 1995 and sold in Oct 2011 

I bought ready to move flat B from the LTCG in year Sept 2013. (I had put the money in CGAS during Oct 2011-Sept2013)

Now i will be selling the flat B in Oct 2016 (3 years over)

My Query:

If i buy a ready to move flat C from the LTCG of flat B in  Nov 2016 then the 3 year lock in period will start from Nov 2016.

But if i buy under construction flat say in Nov 2016 and also do the registration and also spend all the money in the gains then what wll be my start date for the 3 year lock in period

- Will it start from Nov 2016 - the registration date i.e will be able to sell it in Nov 2019   OR

- Will it start from the date of possession say April 2018 ?

In short does the 3 year lock in period begin from date of registration or date of possession ?

 

 

Replies (1)
3yrs period will start from the day the when the property is registered in your name.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details