<s>[INST] Whether investment made in a plot for the construction of a residential house are eligible for exemption under section 54? [/INST] ​​CBDT’s Circular 667, dated October 18, 1993, clarified that the amount invested for the purchase of a plot towards the construction of a residential house is eligible for exemption under s​ection 54. Further, it was clarified that the exemption will be allowed only if such construction is completed within the stipulated time limit. ​ </s>