Dear Sir,

I have sold residential plot in Dec 2014 and incurred capital gain. Could you please clarify the following:

a) I have only one apartment in my name. Can I invest capital gain for the second apartment without incurring any tax liability? There have been many amendments to Section 54 F .

b) By when do I need to invest the amount ?

c) Can I have the property in joint name?

I will appreciate if you provide an urgent reply.

Regards.

Col Mehta