banner_ad

LongTerm capital Gain exemption on Agreement of Sale document

others 220 views 1 replies

I have bough one apartment on 2013 for 32 lakhs and sold the same flat in 2021 Aug for 62.5 lakhs-in Pune.

When I calculate the Long Term capital gain tax then it is coming around 18 Lakhs - Hence I need to pay 20% as Long term capital gain which is around 3.6 Lakhs.

 

Now I Have booked a new flat at Hyderabad , which is under construction and will be handed over after 3 years.

I have done a Agreement of Sale with the builder now , but actual Registration-Sale deed will happen during handover.

 

My Query is How Can I claim Long term capital gain exemtion?

IS Agreement of sale considered or DO I need to do registration to claim the exemption?

 

Please Help.

 

Thanks,

Samar Pradhan

TaxPayer

Replies (1)

First of all its .... " possession of flat .....after 3 years"........ because of that  you cannot get deduction u/s. 54.

For registration. its not much binding, provided you are paying installments based on sale agreement.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details