In regards to the Section 54 and 54F of the Income tax act.

Yes, LTCG earned by selling a residential house property can be exempted u/s. 54 of IT act, by purchase/construction of another residential HP, as specified under the subsection.

Sec. 54F is applicable when any asset other than residential house property is sold.

I reside in a jointly owned residential house A with my brothers, where I barely have a room to live. All of them have multiple rooms.  3 months back, i sold a jointly owned residential plot B (with my brothers).  Now, i want to buy a flat/ apartment C to reside.  Can I claim capital gain exemption under sec 54 with respect to B & C.  If yes, can i use sale proceeds from B elsewhere & use a home loan instead for C?  Thanks in advance

Already replied elsewhere.