Yes, you are eligible for exemption under Section 54 even if you start constructing a new residential property before selling your current one. The key requirement is finishing the construction within three years from the date of transferring your current property.The commencement date of construction isn't significant; what matters is completing it within the stipulated timeframe to claim the exemption.
Can I qualify for exemption under Section 54 if I start construction on a new residential property before selling my current one?
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