DT section 54

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lock in period for new asset acquired generally 3years , if assessee sells new asset within 3 years what is nature of CG , whether short term or long term?

because Land and building if holding for a period exceeding 24 months is Long term capital asset, what if newly acquired land / building under section 54 sold exceeding 24 months but before 36 months (lock in)
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If transferred after 24 months it would be a long term capital gain and the amount that was exempted earlier will be deducted from cost to calculate LTCG


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