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Is 54F exemption applies if New House constructed on old plot

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Ca Anurag (Querist)
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07 January 2024 Assessee has sold a land and earned LTCG, which he has invested in construction of new residential house on an existing plot of land, so is the assessee eligible to claim the exemption u/s 54F, by contructing new house on old and existing plot?

RAJA P M (Expert)
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07 January 2024 Is that Old and Existing plot have any Building or House...??

Ca Anurag (Querist)
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07 January 2024 No building it's a vacant plot

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 January 2024 Yes, 54F exemption available in such a case.

RAJA P M (Expert)
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07 January 2024 Yes I agreed to Mr CA R Seetharaman Sir. Excemption is available in this case...

Ca Anurag (Querist)
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07 January 2024 Thnx so much everyone 🙏

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