Hello,
Could you please guide on the query:
I have sold my residential property and invested in 2 plots in different cities. By this I have used up all my capital gains liability arising out of my sale proceeds. Am I now fully covered to claim CG exemption with my investments in the plots that I have baught? Though I understand that i have to build the house within 3 years to ensure my CG liability are coveredon my both plots bought.
Could you please guide.
This is an urgent request and would request you all to please help with your views wiith case in point if possible.
Many Thanks in advance!
CAclubindia
