Alternately, The brand new household house house must be built within just three several years on the sale on the property/asset
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the vendor will have to construct click here the household residence within just three a long time from your day of sale/transfer. In the event of Obligatory acquisition, the period of acquisition or building is going to be decided with the date of receipt of compensation (regardless of whether first or further compensation)
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In case the assessee buys or constructs a different dwelling within the prescribed deadline just after advertising the old house assets, which can be a protracted-phrase capital asset, he / she can declare an exemption underneath Portion 54.
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