Facts:
1.Assessee is an individual, doing the business of real estate and an agent from LIC.
2.He transferred a house property in oct.09 which is earlier assessed as income from house property.
3.Now the realisation from that property is kept with himself so can he go for capital gain account scheme? The transferred property is jointly held between huband and wife.
4.For the A.y 2009-10 he didnt file return to the income tax, he is got another house property in his name and that too transferred in Apr.09.
5. Apart from that two properties, no more properties in his name now he is residing in rental house. Kindly suggest investment options.
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