Tax advice

sir i have sold old ancestral property for rs 2,16,50,000 on 20.09.2006 and utilized  the sal proceeds as under

purchase  house site a.c year 2006.07           34.68.960.00

construction house 

a.c year            2006.07              47.70.700.00

                           2007.08             

      04.2007 to 31.07.2007         56.52.281.00

       1.08..2007 to 31.03.2008    42.14.084.00        98.66.365

      2008 09                                    4.90.490.00      this amount is no allowed  it officer is asking any 

to produce any jugment related to this matter i did not deposit the sale producreeds in capital gains account pl help me

You have to calculate purchase  indexion price of the properties.Please follow the example.

@ Kapil Mittal:  What and where is your answer for the query posted by krg?