As i have sold 1 resedenital house ( through registered sale deed) and purchased new resedential DDA approved house through NOTARISED Ageement to Sale and Posession letter, Registered GPA .....................would it create any problem as deal is not through SALE- DEED ...and just ATS ( U/s 54, 54F of IT Act)
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Long term capital gain in case of ats
Replies (1)
As per section 54/54F of income tax act, aquisition of residential property is required and not registration, accordingly purchase of property through ATS should not create any problem.
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