Tax benefit on capital gain

I THINK U CANNT CLAIM SINCE IT IS A VACANT LAND, IF U CONSTRUCT HOUSE IN SUCH A VACANT LAND WITH IN 3 YRS AFTER THE PREVIOUS YEAR IN WHICH IT IS SOLD THEN U CLAIM THE DEDUCTION,

UP TO THAT CAPITAL GAIN SHOULD BE DEPOSITED IN CAPITAL GAIN ACCOUNTS SCHEME,

THE PROOF OF SUCH DEPOSIT SHOULD BE FILED WITH INCOME TAX RETURN,

THANK YOU,

VIKAS.

No capital gain exemption on land

make home on that

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