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Hi, I have a client who is an NRI and had invested in two properties apart from his self occupied property. He sold one property last year, the capital gain to which he invested in Special Capital gains savings bank in a Nationalised bank. This year he sold the other one. 1. Can he take the benefit of the Long term capital gain u/s 54 2. invest the gain in the same special savings account opened last year 3. Can he utilise the total capital gain of both the properties for a single property? thanks in advance! Hemali asked Jul 02 '13 at 21:30 by hemalishanghvi 1●1 |
answered Jul 04 '13 at 18:15 by Pankaj Batra 5.2k●3●20 |