08 June 2016
Hello sir
one of the my client sale residential plot and purchased two plot in different location can he get exemption in capital gain section and if yes then in which section
08 June 2016
There is no any exemption for purchase of plots. You can get exemption u/s 54F provided you construct a house on the said plot within 3 years from the date of transfer of capital asset(plot)...please note area/size of construction is immaterial
CAclubindia
