54f exemption from long term capital gains other than residential property

availing exemption shouldn't purchase another residential property within one year or two years pl clarify
Replies (3)
Quick Summary
This discussion clarifies the conditions for claiming exemption from long-term capital gains tax, particularly when the reinvestment isn't in another residential property. It also touches upon filing income tax returns based on AIS reports, advising to include any other undeclared income sources.

Purchases any residential house, within a period of one year after the date of transfer of the original asset;

OR

Constructs any residential house, within a period of three years after the date of transfer

Dhiraj lal rambhia sir , if the AIS report shows only Interest income from bank means, can I file the income tax return only these income it is enough to reported CPC can I file
Check if assessee has any other income from any other source which may not be possible to report in AIS (due to SFT reporting limits), combine those, & file return. AIS reporting is subject to change due to late reporting.

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