If I already own a house, can I get capital gains tax exemption on a new property?

ET Wealth Reader's Query: ​​I plan to redeem my mutual fund units to finance a house purchase in Pune. I also intend to sell a house I own in my village. Can I still claim long-term capital gains tax exemption?

from Tax-Wealth-Economic Times https://ift.tt/dYPWqMo