Property Sold: Long Term Capital Gains: Time Period

Sorry for the shameless bump, but help pls.

Thx
Sanjay

for the purpose of residential house sold, u have an option to acquire another residentil house withing a period of 2 years from the date of sale or CONSTRUCT a new house within a period of 3 years from the date of Sale of property. then u can get exemption u/s 54.

For office sale, u have an option u/s 54F to spend on Residential House all consideration or to invest in NHAI or RECL within a period of 6 months. but unfortunately u cant invest in NHAI and RECL coz time has been over. so u can avail exepmtion only u/s 54F by spending whole consideration in Residential house acquisition or construction.

Sorry for the shameless bump again, pls advice!

Sanjay

yes time limit of buying or acquiring of residential house is 2 years.

if u sell office property and it is long term property and purchase house for residence, then u can clain exemption u/s 54F only.