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Land sale

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(Querist)
08 October 2015 I have purchased the commercial shop 1970 and sale the property year 2015. How to tax save please explain
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CA Mohit Bansal

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CA Mohit Bansal (Expert)
09 October 2015 As this is a Long Term Capital Gain, you may purchase a residential house from the sale proceeds under section 54F or may invest in NHAI or RECCI bond of upto 50L to claim exemption u/s 54EC

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