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Capital gain

This query is : Resolved 
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(Querist)
17 April 2017 We had bought an agricultural land in1984 in bangalore and now we have converted it into revenue land to form a layout to sell individual sites. To save capital gain our plan is to reinvest in a property where in buy a land and construct an apartment. Is this the right way?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 April 2017 Buy a land construct one house then only exempt.
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Abul Lais

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Abul Lais (Querist)
18 April 2017 Can build apartment or no?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 April 2017 No apartment......................
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