Capital gain

Raj Kumar Shaw (Partner) (37 Points)

01 February 2012  

My client had LTCG by sale of Flat of Rs 54 lakh. He invested the amount in new flat and claimed the Capital gain exemption. But within 2 years he sold the new flat and invested the amount in NABARD to continiue the  exemption of the LTCG that he made by selling the old flat. Is the claim valid as per rule.