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Capital gain on plot

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(Querist)
25 June 2014 I sold a plot and made long term capital gain. I invested the amount in capital gain account scheme within 3 months.
And within 8 months purchased new house in Chennai. I already have one home in delhi.
Question is will I get benefit of section 54F.
If no, what can i do to save capital gain tax.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 June 2014 yes you will get deduction under 54F.....
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Rupesh Jain

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Rupesh Jain (Expert)
25 June 2014 you can take benefit of under section 54F.
for that you can deposit the amount in capital gain a/c before due date of filing the return in which year you sold the property. and but the property with two year from the date of tfr. or construction the property in 3 years.
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Rahul Gupta

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Rahul Gupta (Querist)
26 June 2014 Thanks all for reply
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