On the basis of various judgments, it was held that relief under section 54 cannot be denied to assessee if the capital gain amount is invested in more than one residential property provided he has complied with all the conditions laid down in the respective section.
Other tax changes that are applicable for the current financial year 2013-14:
- Investment in Rajiv Gandhi Equity Saving Scheme
- Life insurance premium deductions
- Contribute to health schemes
- A house abroad, more returns
- Mismatch of TDS amount