New Delhi, July 5 -- I booked an under-construction house in May 2024, for which only part payment is made, and the sale deed is also registered. I want to sell my two existing homes; one was purchased on Feb 22. We took possession of the second house on April 22, which was booked in February 2010, for which 90% payment was made in February 2014. When must I sell both properties for a long-term capital gains exemption? The date I have to consider for possession taken is April 22.

One can claim an exemption under Section 54 concerning long-term capital gains on the sale of a residential house if the capital gains are invested in buying a residential house within two years from the date of purchase of the original residential house. For un...