Hello experts. I am currently living in my own flat. I also booked new under construction flat in 2015 for which I am going to get possession in 2022. I plan to sell existing property in 2022 and move to new property.
Query - Can I claim capital gain exemption under section 54 on my old Property sale as I am selling old flat and taking possession/registering new flat in same year (although I have booked it in 2015)?
Query- Which date is considered for capital gain exemption under section 54 allotment date or registry date? There is lot of confusion on this.
CAclubindia
