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Capital gain

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27 April 2012 SECTION 54 .A NEW ASSET FOR EXEMPTION U/S 54 CAN INCLUDE MORE THAN ONE ASSET PURCHASED/CONSTRUCTED?

27 April 2012 There are cases decided in favour of the assessee as well as against the assessee.
.
Exemption against 2 residential houses located at different places, may invite
litigation.
.
The decision may be taken on the basis of Risk Taking Capacity of the client.
.


27 April 2012 agree with sir..


28 April 2012 thanks but can u plz elaborate.



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