17 February 2014
I have plan to buy agriculture land at rural/urban are and build house . I had sold some shares of unlisted company & earned long term gain.Shall I invest in the said property and availed capital gain benefit.
18 February 2014
if you dont own more than one house as on the date of transfer of these shares, you can claim deduction under section 54F. remember that you are required to construct the house on this land within next 3 years.