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Capital Gain - Commerical Property

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(Querist)
18 April 2021 Hi

I am purchased Agriculture Property in 2001 . Now I am going to develop property and Sale as a Individual Plots. How I can reduce my capital gain or I can re invest some other property to reduce capital gain. Please suggest
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 September 2021 You can reduce the tax liability by investment in a Residential house property or by investment upto Rs. 50 lakhs in Capital Gains bond issued u/s. 54EC.
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