02 January 2013
ONE PLOT AND ONE HOUSE SOLD IN 2010 MARCH AND AMOUNT DEPOSITED IN CAPITAL GAIN ACCOUNT ON 29-07-2010 AND SUSEQUENT PURCHASE HOUSE IN JAN 2011 OUT OF CAPITAL GAIN ACCOUNT AMOUNT
CAN ONE PURCHASE ONE HOUSE AFTER SELLING 2 PROPERTIES IN WHAT SEC 54/54F WE CLAIN EXEMPTION OF CAPITAL GAIN ACCOUNT OR PURCHASE OF HOUSE
16 January 2013
Yes as after selling your house you do not have any house and as you have deposited the entire amount in Capital Gain account you are eligible for exemption.