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capital gain uis 54 allowed or not ?

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(Querist)
11 July 2010 i sold a house property of Rs. 60 lakhs on dated 29-03-2010, and purchase another house in May 2020,(date of purchase of house of Rs. 50 Lakhs ) but for acquition of this house, installments are paid from 2007, can i take exemption u/s 54 of income tax act, please advise me
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DR GAURAV GUPTA FCA, FCS, LL.B

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DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
11 July 2010 to claim exemption of section 54F house can be purchased within one year before from the date of sale, hence exemption can not be claimed since 2007 is not covered under prescribed period
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Bharath Kumar

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Bharath Kumar (Expert)
12 July 2010 investment to be out of capital gain, applicant has been paying instalment even prior to sale of the property.
Plus
Purchase should be done within 1year from date of sale
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