Hello @Bharti_Vasvani, @TeamQuicko thanks for this. Could you please help with a clarification on the following case -
The seller has 2 residential houses in her name and 1 residential plot.
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She intends to transfer 1 of the houses through gift/settlement to her child and also sell the plot.
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The proceeds from the sale of the plot will be parked in a capital gains account and the funds will be entirely used to buy an apartment from a developer. The agreement to sale has been signed with the developer and the apartment will be completed in 3 years’ time.
Please clarify if she must transfer the house to her child before the sale of the plot or if she has time until she signs sale deed/registration for the new apartment. Thank you.