Ltcg in case of sale/purchase of plot

Udgam Koomar (Tax Technologist) (1949 Points)

10 July 2018  

A plot is sold last year and another plot os purchased this year of same value, can one get Capital Gain exemption in such case OR the purchased property can ONLY be a house to get exemption NOT Plot?? Or if the plot os bought then within 2 years house has to be constructed on it to get exemption benifit?