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Sale of property

This query is : Resolved 
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(Querist)
10 February 2019 I have 2 houses (joint - me & my wife) in my name and 2 land (plots). Recently sold one of flat (100% cheque payment).

Can I reinvest the Capital gains arriving out of sale in purchasing a flat?

Note: I had reinvested earlier on (4 years ago) the similar captial gains to buy land from a house sale.

Thank you
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Amol S Joglekar

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Amol S Joglekar (Expert)
10 February 2019 yes, you can do that to avail the benefits of section 54 of income tax act

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