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Long term agricultural profit treatment

This query is : Resolved 
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(Querist)
05 August 2015 Sir,

I request to you that my agricultural property sold and high profit is Generate then taxable liabilities is very high. plz suggest me save tax

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Amol S Joglekar

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Amol S Joglekar (Expert)
05 August 2015 you can avail exemptions available under the chapter of capital gains under Income Tax Act. Provide more details so as to enable me to give the section numbers like 54, 54EC etc.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 August 2015 Sale of rural agricultural land is exempted from tax.
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