Nikhil V Sheth
(Querist) 28 January 2022
This query is : Resolved
I registered my new under construction property on 2nd March 2021. I am yet to sell my existing property.
Basically I have 2 queries
1) What date is considered for exemption of capital gain tax? Registration date or date when I will get possession?
2) Once i sell my old property , lets say within one year of new property purchase, Do i need to immediately transfer money to builder or i can invest it somewhere as I have taken builder subvention scheme where 75% amount is to be paid on possession.
Dr J C Vashista
(Expert) 29 January 2022
Consult your chartered accountant, it is not a legal query
(Expert) 30 January 2022
I agree with Expert Dr J C Vashista