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 Batra 5.2k320


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Asked: Mar 27 '11 at 07:19

Seen: 2,056 times

Last updated: Mar 29 '11 at 13:43