Long term capital gain on plot sale.

A person sold 3 residential plots on dated 25.07.2018 with long term capital gain, and he purchased a residential house with combined name with wife on dated 20.02.2018 also he took loan from housing finance, my question is he take benefits of section 54 on all 3 plots ltcg or only 1 plot and which amount he paid to property onwer or including finance amount. If amount paid th.only his account not paid by his wife.

This pertains to AY 2018-2019 and return filing date was 31st July 2018
First apply online for condonation of delay in filing return.

Return filling period ay 1920 plot sale date is 25.07.2018

54 benefit is not applicable. Can take benefit under 54F fork all 3 plots provided entire consideration is invested into residential house or proportionately if not entire consideration re-invested.


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