In order to get tax exemption on capital gains from a property sale, I have to reinvest on a residential property which is either purchased within last one year or in the next 2 years.
I just recently bought a flat which is close to one year old. Can someone define "purchase date" in case of flat? Is it 1) the date I booked my flat? or 2) the day I got possession of my flat? or 3) the day I registered the flat in my name?
I just recently bought a flat which is close to one year old. Can someone define "purchase date" in case of flat? Is it 1) the date I booked my flat? or 2) the day I got possession of my flat? or 3) the day I registered the flat in my name?