If i invest long term capital gains from sale of flat & all amount of sale price of plot of land for purchase of flat in under construction building & builder promises to hand over possession in 3 years from sale of this flat & plot,(Purchase price is more than capital gains of flat plus sale price of plot of land ) will i get tax exemption.
What if builder does not give possesssion in 3 years even though i have paid him more than capital gains of flat & sale price of plot of land.
I have one more flat at the time of sale of this flat.
CAclubindia
