LongTerm capital Gain exemption on Agreement of Sale document

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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details