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Capital gain

This query is : Resolved 
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06 March 2013 I HAVE SOLD MY PLOT FOR RS. 30.00 LACS WHICH WAS PURCHASED IN THE YEAR 2000 FOR RS. 2.00 LACS. ANOTHER PLOT IS IN THE NAME OF MY WIFE. I WANT TO CONSTRUCT A HOUSE ON THE PLOT OF MY WIFE. WHETHER THE INVESTMENT MADE IN CONSTRUCT THE HOSUE WILL BE EXEMPTED OR NOT.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
06 March 2013 Exemption will be available if you follow the conditions prescribed U/s 54F.
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