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Capital gains

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(Querist)
23 January 2019 Dear Sir,
I want to sell a property which i have inherited almost 20 years back and want to buy an another property immediately. My query is will it attract any capital gains if i can save some amount out of these transactions. If yes then what will be the calculation. Is there any way to avoid tax liability.if any. Look forward to an early response from kind hearted experts as well.
Thanks & regards
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Nilesh Gami

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Nilesh Gami (Expert)
23 January 2019 benefit of exemption on transfer of property available u/s 54 being house property, 54FB being land used for agricultural purposes and 54F being other than house property. Kindly specify the nature of your property to make comments more clearly.
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