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Capital gain

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(Querist)
05 March 2013 Can capital gains arising on sale of a flat be invested partly in 54EC Bonds and partly in another flat u/s 54 within the time period and in the same sequence?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
05 March 2013 Sachin,

I believe both the sections are independent of each other and therefore, there should not be any issue in claiming the exemption as you propose.

Any other expert may correct me my understanding of law is incorrect in here.

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