Capital gain


This query is : Resolved 

12 February 2013 Dear sir
I want to ask that if we sale agricultre land then which the amount received from agriculture land that can invest only in agriculture land or House property also.............. plz solve this

CA Rinkal (Expert)
12 February 2013 there are two ways for tax planning for capital gain when you sold the agreeculture land....

after satisfing all the condition of section 54
you can get the benefit
1. u/s. 54B - by investiong capital gain amount in agreeculture land

and 2. u/s. 54F by investing it in house property

12 February 2013 what is the exemption limit of these too if we choose either 1st or 2nd condition


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