Sec 54

QUE;

Mr A sold a agriculture property which was situated in urban area 2500000 date 25.03.2012 as per sale deed. But agreement to sale came into effect from 20.04.2011.

Now payment was made in following manner.

                                Amount                               Date of receipt.               

1.                 1000000                                25.06.2011
2.                 1000000                                25.08.2011
3.                 500000                                  25.03.2012

Mr .A also purchased some agriculture property as & whenever payment made by party.

                Purchase Cost                                   Date of purchase

1.                 800000                                  26.06.2011
2.                 1100000                                26.08.2011
3.                 6000000                                25.04.2012

Can Mr A is eligible for deduction under sec 54 for purchase agriculture property.