Capital gains tax

K.V.Krishnaswamy (Retired) (38 Points)

12 September 2016  

I presently own a residential flat and a open residential plot of land both acquired by me 10 years back. I am intending to sell the residential plot of land and invest the entire full amount of Long term capital gain for buying a new residential flat. Whether I will be entitled to full exemption of Long term capital gains tax since I am investing the entire amount in a new residential flat?