I booked a flat in July 2010 so after more than 3 years I am selling the property now. Given the property is still under construction and it is more than 3 years will my gain from this property will fall in Short Term Capital Gain or Long Term Capital gain. If I use the entire amount to buy another flat/house then will I be exempted from the tax, given this would be my first house and not the investment. Please share your views.