SEC 54 AND 54 F

All your answers could be in affirmation, except the time period to purchase any another flat should be only after 3 years from the possession taken of the first flat. As you have taken possession in 2022 so plan next flat purchase in 2025,,,,,

Dear Sirs

Thanks for the reply ..  

The section is saying   2  conditions 

1)  Newly purchased flat ( claimed for 54F)  should not be sold before 3 years of possession / Registration 

2)  Should not purchase / construct a new house before 1 year / 3 years ,  from the date of transfer of the original asset . 

Point no 1 is pretty clear . 

Regarding point 2 , since the original capital asset was the Equity Shares , and they are transferred / sold in 2019 , that means a new house can be owned after 2022  ( 3 years )

Kindly advice if this view is right 

Dear Sir 

Thanks for the reply . Agreed that the first exempted flat can be sold only after 3 years , to keep 54F 

As per my understanding of the rules , I can own 2 houses  

The person  should not own more than one residential property other than the new one and must not buy or construct another residential property for two and three years, respectively, after the sale.of the original asset  . So this means , he can own 1 + the new exempted 1 = 2 flats at the time of claiming 54F . 

In my case I am  not owning any house except the new flat ( sec 54 f claim) . Hence even if   I  am purchasing another flat ( after 3 years of the transfer of the original asset)  using my new LTCG  in shares , I think the conditions are met because totally  I am owning only 2 flats , which is ok as per the rule 

Pls advice if this interpretation is correct 

Please advice if this interpretation is correct 

Yes, that is correct.