26 June 2012
can anybody help me ; mr X sold a site(land)in fy 2010-11.entire capital gain invested in flat purchase(only partial amt met) and he got exemption. In fy 2011-12, he sold another site(land) and now he intending to invest capital gain in same flat to met balance amt. whether he could get exemption on capital gain on second site sale?
CAclubindia
