Ltcg in case of sale/purchase of plot

1. Exemption under section 54 B can be claimed if

Agriculture land (urban)  which  has been   used   by   assessee himself or by his parents for agriculture purposes during last 2 yrs of transfer has been transferred and purchased another agricultural land used for agriculture(rural or urban) .

2. Exemption can be claimed under section 54 F if house is constructed within 3 years of purchase of land and asessee doesnot own more than one residential house other than new asset as on the date of transfer.