A person is already a owner of two residential houses and also a owner of 2 sites at different places , he has sold one of the site and out of which the capital gain has been araised , he wants to invest the proceeds to construct the house in another site or he wanted to invest the capital gain after the arrival figure of index rate in the bonds prescribed by the government for a period of three years.
My question is when he is having already the two houses weather can he invest in bonds to avail the exemption , kindly clariy ???
CAclubindia
