can the assess claim an exemption when he sells his vacant site and buys one more site for construction of house withing three years period, the full consideration received is used for purchase of site , date of purchase of site is 25/12/2013 alone and now he is going for loan for construction of the house. is he eligeble for capital gain exemption on sale of vacant site and purchase of vacant site for construction within 3 years period, when he files his i t return for the asst year 2014-15.
CAclubindia
