Section 54

bhushan dronkar (48 Points)

23 July 2019  

I sold house property in march 19 and has LTCG on it of rs. 337480.
My query is that

whether i get deduction under section 54,if i purchase a plot of land for the purpose of construction of new house property before 31st july 2019.Does this purchase cost of land considered as cost of construction.