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Capital gain

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(Querist)
28 March 2014 one of my client purchased plot on 27-02-2006 for rs 390000 and sold it as constructed house on 29-08-2012 from tht consideration he purchased 4 plots with in time period costing 1049000 and balance 900000 he transferred through account to any firm as unsecured loan so now what will be treatment of plots purchased and loan given will he get 54 f deduction for all 4 plots for assessment year 2013-14
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
30 March 2014 Investment in plot is not required by the provisions of section either 54 or 54F. The capital gains arising out of sale has to be paid and is taxable.
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