Tip of lowering tax liability on long-term investments

Tipsy (Querist) 10 May 2013 This query is : Resolved
Long-term capital gains from selling a house get tax exemption if they are invested in buying a new house.

The new house has to be bought in one year before the transfer of the first house

or

One can buy within two years after the sale

or .

One can buy an underconstruction apartment to save capital gains tax, provided its construction is completed within three years of the transfer of the first property

The deduction allowed is equal to the actual investment or the capital gain, whichever is lower.

Now is it necessary to get the house registered to get tax exemption or mere agreement will do ?

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