Long term Capital gain Tax Query on sale residential property

Based on the information provided, here are the answers to your questions:

1. _Possession after 3 years from purchase date_: You may not get the tax benefit if possession is after 3 years from the purchase date (March 28, 2027). The condition specifies possession within 3 years, so possession on December 31, 2027, might not qualify.

2. _Holding property for 3 years and selling after_: Yes, you can sell after March 29, 2027, and still claim the tax benefit. You've satisfied the 3-year holding period condition.

However, please note:

- The tax benefit is subject to your meeting all conditions under Section 54 of the Income-tax Act, 1961.
- The property purchased should be a "residential house" to qualify for the tax benefit.
- You should not sell the new property within 3 years from the date of possession to avoid reversal of the tax benefit.