Capital gain fron sale of non residentiol property

capital gain exempted under sec 54ec

Long Term Capital Gain from the Transfer of a Capital Asset other than Residential House Property (Section 54F)
The exemption is available only an individual or a HUF who transfers (or sells) a capital asset that results in a long-term capital gain, and then invests the amount of gain in acquiring a new residential house. This exemption is available subject to fulfillment of the following requirements:
(i) The transferor assessee should purchase or a residential house in India within a period of one year before or two years from the date of transfer or construct a residential house within three years from the date of the transfer of the original house. (Construction must be completed within these 3 years.), and
(ii) The new house property purchased or constructed has not been transferred within a period of three years from the date of purchase or construction.
(Not covered: Amount of exemption, scheme of deposit and consequences on not meeting the requirements).