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Capital gain exemption

This query is : Resolved 
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(Querist)
24 May 2013 Hie,

Can Exemption u/s 54 available for plot purchase on which residential house will b constructed after one year but before 3 years.

My question is now i can get exemption of plot purchase.
pls help
thnks in advance.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 May 2013 Yes. For details please refer Circular 667 dated 18/10/1993.
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