22 February 2014
in the assessment year 12-13 i had incurred a capital gain of 3300000(approx)by selling residential house property.i had claimed exemption of the whole amount under section 54 by purchasing three houses.now in the assessment year 13-14 i transferred all the houses again and incurred short term capital gain accordingly.now for calculating capital gain by how much amount my cost of acquistion will be deducted on the said properties as there were more than one p[roperty.will it be done proportionately or any other provision of the act gover such transaction. Plzz reply at the earliest....
Querist :
Anonymous
Querist :
Anonymous
(Querist)
28 February 2014
plz plz send an answer to my quesn..is ther any1????