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(Querist)
18 December 2014 is there any exemption when we use the capital gain from sale of land for constructing a building ?
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 December 2014 Section 54F is available for such a gain, subject to however the conditions set into that section. (One important is ONLY ONE house property to be owned by the person)
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Rupesh Jain

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Rupesh Jain (Expert)
18 December 2014 you can take deduction u/s 54F and invest all the sales proceeds then you get the exemption.




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