SOLD PLOT AND PURCHASED BUILDING

Hello everyone,

Client  Sold Open Plot and Purchased Residential building . Is it exempt from Capital gains.?

Purchased plot on 10-06-2018

Sold Plot on 02/05/2023

Purchased Residential Building on 31-01-2024

 

 

Thanks in advance.

Replies (1)

Yes, subject to fulfilment of conditions as per sec. 54F IT act.

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