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Capital gain

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(Querist)
27 April 2012 SECTION 54 .A NEW ASSET FOR EXEMPTION U/S 54 CAN INCLUDE MORE THAN ONE ASSET PURCHASED/CONSTRUCTED?
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CA PARAS BAFNA

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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.
.
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
27 April 2012 agree with sir..
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FORAM MORABIA

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FORAM MORABIA (Querist)
28 April 2012 thanks but can u plz elaborate.
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