Exemption u/s 54 f

section 54 F exemption is available if you invest Any Long term C.G. in a residential house property. if you are planning to build a new residential house property than the total cost incurred by you to owe that property will be available as exemption u/s 54 F. provided building/construction should be completed in 3 years of transfer of old property. FYI Total cost includes, 1. The cost of the land, plus 2. The amount it cost you to complete the house, including: 3. The cost of labor and materials, 4. Any amounts paid to a contractor, 5. Any architect's fees, 6. Building permit charges, 7. Utility meter and connection charges, and 8. Legal fees directly connected with building the house.

https://taxmap.ntis.gov/taxmap/pubs/p523-002.htm

Dear Sir, Thanks for ur response.

 

I also want to know , can i claim the entire cost of land of 3 Acres U/s 54 F.