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capital gain

This query is : Resolved 
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(Querist)
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
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Amol S Joglekar

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Amol S Joglekar (Expert)
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
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