Ltcc on ancestral property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 April 2017 I a, going to sell a ancestral plot of land which was purchased by my father long ago for a consideration of about 5000/- The sale price would be about 50.00 lac. What are the ways and schemes which can minimize capital gain tax on the same..

Expert : Anonymous

Expert : Anonymous (Expert)

30 April 2017 Invest in 54EC bonds

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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04 May 2017 To save capital gains tax available options are to buy or construct a residential house to get exemption u/s 54F or to invest in notified bonds u/s 54EC.