Long term capital gain exemption under section 54f

Exemption u/s. 54F is available only if you purchase or construct a house property within stipulated time period, but not over any plot purchase.....

Thank you very much for your reply.  If I purchase of a house property with in the stipulated time, then I will be having two properties in my hand can I still cliam the exemption.

Yes........ the condition is while purchasing any new house property for exemption u/s. 54F, you should not have more than one house property.... 

@ CA Tara Singh : Yes, You are correct...... I stand retified to that aspect, in the query

I too Thank You for the clarification.....