24 December 2012
I have sold an agricultural land.Can I claim exemption from Capital gain if I purchase a residential property? Is there any other option to claim exemption?
24 December 2012
In case the land sold is Rural Agriculture land , you need not to invest in any new asset. However, U/s 54F, in respect of capital gains arising on transfer of Urban Land, you may get exemption. . You may also invest Capital Gains in another Agriculture land. . Capital Gain Bonds U/s 54EC. .
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