LTCG on sale of residential property

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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?

1 Answers

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.

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