Capital gain
This query is : Resolved
FORAM MORABIA
(Querist)
27 April 2012
SECTION 54 .A NEW ASSET FOR EXEMPTION U/S 54 CAN INCLUDE MORE THAN ONE ASSET PURCHASED/CONSTRUCTED?
CA PARAS BAFNA
(Expert)
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.
.
.
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.
.
Message likes :
1 times
CA Prashant Gupta
(Expert)
27 April 2012
agree with sir..
FORAM MORABIA
(Querist)
28 April 2012
thanks but can u plz elaborate.
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