Humbly requesting clarification/even filing help on the following situation (timeline below):
2013 - sale agreement to buy apt in Mumbai, 80:20 scheme, I paid 20% down, rest builder pays EMI to bank.
2016 - project delayed, 2019, builder bankrupt & we start paying EMIs on his behalf.
2022 - Project back on track, possession in a year from now. I realize capital gains of 1cr and repay principal to bank of the same as payment towards purchasing apt.
Can I claim capital gains deduction under section 54f?
CAclubindia
