Section 54g

It means if i already having investment 1 yr before in particular CG scheme. the current year C.G will exempt ??

Yes, Within a period of 1 year before or 3 years after the date of transfer if the assessee has purchased machinery, plant or acquired building or land   or   constructed   building   and completed shifting to the new area u/s 54G, the capital gain to that extent is exempt

 

ohh..oki thanks .. will catch u up for another querry ..