https://www.taxtmi.com/forum/issue?id=110796 Section 54F permits exemption where net consideration is used to purchase a residential house within one year before or two years after transfer, or to construct within three years; the assessee must not own more than one residential house, and unutilised net consideration must be deposited in the Capital Gains Account Scheme by the return due date. The cost of land is included in the house cost for computing the deduction if acquisition and construction complete within three years; failure to deposit unappropriated proceeds by the filing deadline forfeits the exemption. en-us Tue, 16 Aug 2016 11:11:06 +0530 Thu, 23 Jan 2025 15:56:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110796 Section 54F permits exemption where net consideration is used to purchase a residential house within one year before or two years after transfer, or to construct within three years; the assessee must not own more than one residential house, and unutilised net consideration must be deposited in the Capital Gains Account Scheme by the return due date. The cost of land is included in the house cost for computing the deduction if acquisition and construction complete within three years; failure to deposit unappropriated proceeds by the filing deadline forfeits the exemption. Discussion-Forum Income Tax Tue, 16 Aug 2016 11:11:06 +0530 https://www.taxtmi.com/forum/issue?id=110796