Hi,
your capital gain is around Rs 16.7 L
you can claim exemption under section 54.
Condition of Exemption Under Section 54
This exemption is only for the individual/HUF.
The capital gain should be long term. This exemption is not available for short term capital gains.
You should buy the new residential property.
You must buy new property within 2 years of the transfer of old property. If you are constructing a new house, the exemption is relaxed for one more year i. e. 3 years.
You can also buy a new property before one year of the transfer of old property.
In case of compulsory acquisition, the period of acquisition or construction will be determined from the date of receipt of compensation (whether original or additional).
The exemption is available for only one residential house property. This is a new rule and effective from the assessment year 2015-16.
The exemption is available if a house is purchased within India.
Exemption of capital gain depends on when ownership in property is transferred in your name.
if registration of property is done depending on above conditions then you can claim tax exemption.
occupancy certificate does not play role in capital gain exemption.
