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L.T.Capital Gains

This query is : Resolved 
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(Querist)
08 June 2007 I bought a house plot & registered it on 10-06-2003 and sold the plot. The full settlement is received on 15-06-2006 and registration is completed on 28-06-2006. I am taking it as a L.T. capital asset for Exemption purpose. Is it correct as per the I.T. Act. Pl. clarify

Thanks
R.Devadass
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PR Choudahry

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PR Choudahry (Expert)
09 June 2007 yes
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PR Choudahry

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PR Choudahry (Expert)
09 June 2007 yes
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Sanjeev Mittal

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Sanjeev Mittal (Expert)
09 June 2007 right
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