Mrs Meera purchased a residential house property on August 6 2019 for Rs 30 lakhs. She made certain capital expenditure for the house in the month of January 2020 for Rs 2 lakhs. She disposed off the property in April 2021 for Rs 40 lakhs. Considering section 54 discuss the amount of exemption if any, amount of type of capital gain taxable in the hands of Mrs Meera if she purchased another property from the sales proceed in the month of May 2021