Sold Shares and purchased Open plot

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Hello all,

One of my client sold Shares (Long term) and invested the same in Open plot.

Is he eligible for claiming capital gains u/s  54F?

 

Little bit urgent. Please help

 

Thank you.

Replies (3)

No.

If going to construct any house property over it (within stipulated time period); then yes.

Thank you for quick response.

You are welcome.               


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