Hi,

Mr.X was in possession of residential property for 20 yrs, he sold it in the month of Aug2025 and by Feb2026 he purchased the residential property out of proceeds.

But there was some title issue with the new property purchased and hence he wants to sell away now the new property and re invest the same in another property within this FY.

So what is the impact of tax on capital gain..will he able to get section 54 deduction.

Please advise