LTCG on sale of residential property

Hello Pankaj,

In case of LTCG, if one invests in underconstruction property the same has to be completed within 3years. What happens in case there is a delay in construction by the builder?

asked Mar 27 '11 at 07:19 by Raj 1111


In case construction is not completed within three years of sale of old asset, i.e. possession is not received, then income tax exemption will not be available.

answered Mar 29 '11 at 13:43 by pankaj 5.2k320

link

Know someone who can answer? Share a link to this question via email, twitter , or facebook
.

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported

Tags:

×777
×339
×326
×140
×19

Asked: Mar 27 '11 at 07:19

Seen: 1,285 times

Last updated: Mar 29 '11 at 13:43