54 F exemption query

one client sale shop in 5 lakh after 4 years from the purchase date and invest in new plot can he take benefit of 54f plz guide.
Replies (2)
Quick Summary
This discussion explores whether a client who sold a shop for £5 lakh after four years and invested in a new plot can claim an exemption under Section 54F. The consensus is that simply purchasing a plot is insufficient. To be eligible, the client must construct a house property on the new plot, as the basic conditions for Section 54F are not met by the plot purchase alone.

Not as it is.

But if he constructs house property over it, he will be eligible.

Basic conditions of Sec 54 not fulfilled.

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