Flat sale completed: What is the date of transfer for tax purposes? Is it the date of agreement or receipt of money?

I have sold my residential flat this month. Property Sale Completed: Key Tax Implications for ₹ 70 Lakh Gains Explained Since the ownership of the property stands transferred on the execution of the sale deed on which the transfer happened. Please note that after the removal of the indexation provision for practically all the purposes from the current year, you are required to invest plain long-term capital gains to avail of the exemption for tax on long-term capital gains on sale of residential house whether in a residential house under Section 54 or capital gains bonds under section 54EC. Though you have earned long-term capital gains of 70 lakh rupees, section 54EC has a cap of ₹50 lakh of investment, which can be made in respect of one financial year and one financial year, so you may have to pay tax on the balance long-term capital gains of 20 lakhs either at 12.50% on plain long-term capital gains or at 20% on indexed capital gains as you have acquired the property before 23 rd August 2024 presuming that you are a resident of India. Alternatively, you can invest ₹20 lakh in another residential property within the prescribed time period to claim the capital gains exemption under section 54.