Time limit for depositing in capital gain account scheme

This query is : Resolved

Prassana PRAMOD (Querist)
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23 March 2018 I had sold 2 plots in december 2017 and january 2018 resp. aggrigating amount to 55 lakhs.And purchased one plot from such proceeds.I want to avail the benefit of Sec 54 F.For that I am going to start construction on said land in couple of months.
My query is
1.What is time for depositing the capital gain amount in that capital account scheme after the transfer
and
2.Will that value of plot of land is also available for 54F exemption benefit or only value of construction is allowed

Guest

Guest (Expert)

23 March 2018 1. Before due date of return filing.
2. Construction cost with cost of land.