Long Term Capital Gains Tax - Reinvesting in a Property

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Dear Forum Members

I had sold a plot in February 2014, and I am re-investing the proceeds (capital gains portion - LTCG) in a vacant plot and constructing a building / dwelling unit on the plot within the 3-year timeframe as per Sec 54A capital gains act

I am buying 2 plots that are 2280 square feet each (a total of 4560 square feet) as part of the capital gains re-investment. The query I have is

1. Should I register both plots in 1 single sale deed, or
2. Can I register both plots in 2 separate sale deeds?

Will this have an impact on my capital gains re-investment with the Income Tax department?

Suggestions from experts on this forum will be very much appreciated

Regards

P S Krishnan

AI Summary

Individual Seeks Advice on Reinvesting Capital Gains in Two Plots Under Section 54A; Queries Impact of Deed Registration. An individual sold a plot in February 2014 and plans to reinvest the long-term capital gains by purchasing two plots, each 2280 square feet, and constructing a building within three years as per Section 54A of the Capital Gains Act. They seek advice on whether to register the plots under one sale deed or two separate deeds and inquire if this choice affects their capital gains reinvestment status with the Income Tax Department. They request expert suggestions from forum members.