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captial gain

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(Querist)
13 May 2010 whether Capital gain arising from sale of vacant site can be used for purchase of agri land?

whether capital gain arising from sale of house property can used for building shed in agri land?
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CMA. Dinesh S Adhikari, ACMA

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CMA. Dinesh S Adhikari, ACMA (Expert)
14 May 2010 If you thinking about exemption after using in aforesaid Investment then both would not attact any exemption u/s 54B, 54F & 54.

Regards!!!

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