08 October 2015
One of my Client has purchased a Plot From DSIDC in Delhi for Rs 15 Lacs in Industrial Area in F.Y. 2007-2008, Now He Want to Sale The Same in Current Year For Whole Consideration of Rs 150 Lacs ,He want to Invest the Consideration in Construction of Residential Building My Query is Whether He will entitled for Exemption u/s 54 G or Not?