How to invest capital gain on sale of immovable property

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Himanshu Payal (Querist)

11 December 2024 Hi,
I hope you all are doing good.

I am planning to sell my land which was bought by my father long ago.
I am a resident of uttarakhand, district dehradun.
The details of land are as follows:

purchase price- Rs 68000
purchase year- 2003
location- somewhere in dehradun
intended SP-Rs1.4 cr
selling year- 2024
size of land- 2212 sq yards.

Now my financial goal is -a low risk investment, with maximum returns, with a minimum of tax liabilities

My query are:
1.What would be my capital gain?
2.How should I invest the capital gain as per my financial goal?
3.I know my financial goal seems a bit tricky to achieve as it requires striking a fine balance between my requirements, which might be quite strategic to acheive, however, I would be pleased to know what financial instruments & schemes should I invest the money in?

Thanks!

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

11 December 2024 1. Capital gain with inflation Cost index is Rs. 1.3774 Cr.
2. first you will have to pay capital gain tax of Rs. 17.38Lakhs
3. Balance amount you can invest in Governmental Bonds, Multicap mutual funds, gold, property etc. depending your risk bearing capacity, age, preference etc.

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