{"id":62131,"date":"2026-07-26T15:55:58","date_gmt":"2026-07-26T10:25:58","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=62131"},"modified":"2026-07-26T15:55:58","modified_gmt":"2026-07-26T10:25:58","slug":"capital-gain-on-sale-of-redevelopment-property","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/capital-gain-on-sale-of-redevelopment-property\/","title":{"rendered":"Capital gain on sale of redevelopment property"},"content":{"rendered":"<p>After his death,my father&#8217;s residential property (a flat purchased by him in 1975) was transferred in the names of my mother,me and my 3 sisters.For the purpose of redevelopment,the flat was surrendered to a developer in January 2023. He agreed to give 2 flats in exchange. Now, in July 2026, the developer is getting completion certificate and eventually, he will give us the possession of 2 flats in August 2026.Now, the question is , if we all (mother and all 4 daughters) sell the flats immediately after possession, can we claim for long term capital gain,and claim exemption under section 54 ?<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1275],"qa_category":[23],"qa_tag":[459,1266],"class_list":["post-62131","qa","type-qa","status-publish","hentry","qa_expert-law-intern","qa_category-income-tax","qa_tag-redevelopment","qa_tag-section-54-deduction"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/62131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=62131"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62131"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=62131"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=62131"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=62131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}