Home > Money > Question
Need Expert Advice?Our Gurus Can Help

Selling House and Plot for New Home: Can I Get Tax Benefits?

T S Khurana

T S Khurana   | Answer  |Ask -

Tax Expert - Answered on Dec 03, 2024

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
Shivani Question by Shivani on Dec 02, 2024Hindi
Listen
Money

SO, if i sell the house and plot build a house within 3 years of selling then I can get tax benefits on selling of both the plot as well as the flat? I am utilising the entire money which i got from selling the plot and the flat in construction of my new house

Ans: Yes. You would be entitled for exemption. Kindly watch timeline.
Most welcome for any further clarifications. Thanks.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

You may like to see similar questions and answers below

Latest Questions
Dr Nagarajan J S K

Dr Nagarajan J S K   |1083 Answers  |Ask -

NEET, Medical, Pharmacy Careers - Answered on Jun 16, 2025

Nayagam P

Nayagam P P  |6399 Answers  |Ask -

Career Counsellor - Answered on Jun 16, 2025

Career
I have two options for my son. B.Tech ECE in Jaypee Noida and B.Tech ECE with Minor in Comp Sc. from VIT Vellore. Which should I prefer basis placement and academic quality?
Ans: Mukul Sir, Jaypee Institute of Information Technology, Noida offers B.Tech in Electronics & Communication Engineering with a 98% placement rate for ECE over the past three years, branch-specific offers at 98% participation by core recruiters, and a median package of ?6.50 LPA from 184 offers to 188 eligible students in 2024, while holding a NIRF Engineering rank of 101–150. VIT Vellore’s B.Tech ECE with a minor in Computer Science enrolls 480 students, achieves overall 68%–72% placement rates in EEE (similar branch metrics), and contributes to the university’s 95% average placements across all engineering disciplines, supported by 867 recruiters and median packages near ?9.90 LPA, with NIRF Engineering rank #11. Jaypee Noida’s focused core-branch recruitment and higher branch-wise participation offer strong ECE outcomes, whereas VIT Vellore provides broader academic depth through a minor, superior institutional ranking, and consistent overall placement density. Recommendation: Opt for Jaypee Noida ECE if prioritizing branch-specific placement strength and core electronics opportunities; choose VIT Vellore ECE with CSE minor for higher institutional ranking, wider recruiter pool, and interdisciplinary skill development. All the BEST for the Admission & a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x