Question ID : 40805

Capital Gain

An individual enters in to agreement with developer for purchase of an apartment in 2018, and regularly pays the instalment dues to developer in 2020 when the apartment in ready for delivery he executes into tripartite sale deed by which the apartments is registered in the name of third party. This results in substantial gain for the first agreement holder which can be treated as Long term capital gain. My question for purpose of re-investments, is he to comply with provision of section 54 or 54F.

posted by Ethirajan on Aug 28 2020 12:00AM