Purchase of plot from proceeds of sale of another plot

Unless you complete the construction of HP over the new plot within 3 years from sell of first plot, deduction u/s. 54F cannot be claimed. (assuming other conditions as specified u/s. 54F are satisfied)

Yes, you have to report the sell transactions in current ITR with the exemption claimed.

Thank you Sir. That is clear to me now.

regards,
Raghunath

Hello Sir, 

But during filing ITR for FY 2018-19, when I enter the details of plot sale under the capital gains section, it will show up as outstanding tax amount still to be paid. That is, how to mention this sale transaction in the ITR filing.?

regards,
Raghunath

Claim Exemption u/s. 54F; Fill the tab just below the capital gains declaration.

Thank you. I was able to file the ITR successfully.

regards,
Raghunath