Purchase of land and construction of house tax exemption

Murali Rotti Sathyanarayana (Manager of Accounts) (165 Points)

03 June 2023  
There is a sale of residential house property in June 2022..Investing the gains in CGAS now..in future can we purchase a plot and then construct a residential house with in three years to claim the exemption? Cost of land will also be considered for tax exemption?