Sale of flat

niraj (Querist) 06 November 2011 This query is : Open
I bought a flat in 2005 January and did the payments as asked by the builder in regular intervals. I bought another flat in 2009 Aug and took possesion of this flat in July 2011. Till now I have not got the possesion of the earlier flat bought in 2005 and have been advised to sell my allotment or transfer it before the possesion as I can avail long term tax benefits . Is that right?

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