Lockin period u/s 54F

Kalpesh Joshi (6 Points)

11 March 2023  

Hey , i have availed u/s 54F for purchase of residential flat against my long term gains. 

There is one condition for 54f in which are can not buy new residential house within some prescribed period, is that limited to residental flat/ house only OR open plot also? 

I was planning to buy one open plot as a investment purpose. No plans to build anything upon it to qualify as a residential unit. Is it allowed or not allowed. Thanks and regards.