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Capital gain

This query is : Resolved 

26 September 2016 Father Sells a land for Rs 1 crore in 2014. He passed away few months later. X is the only Son and legal heir .Will be now laible to pay the capital gains.

My doubt is , the son is planning to construct a house property at Rs 1 crore. Can X claim exemption u/s 54

Please help


29 September 2016 Construction must be completed to avail exemption U/S 54

29 September 2016 The construction must be completed within three years




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