Capital Gains Question

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  1. Pradeep Prabhune

    Pradeep Prabhune New Member

    If I have booked a flat after sale of land but the registration of the flat purchase happens after say 6 months will the invested amount be considered for exemption from capital gains tax
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    Yes, you can claim Capital Gains Exemption in this case.
     
  3. Pradeep Prabhune

    Pradeep Prabhune New Member

    Thanks, I am getting the payment in phased manner. some amount in this FY and remaining in next April. So will the total agreement amount be considered for Capital gains in this FY or that also will be considered as and when I receive it?
     
  4. Parul_Gupta

    Parul_Gupta Active Member

    It would be considered in the year in which the agreement is registered.

    Payment dates are not important.
     
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