Long term capital gain in case of sale of plot
This query is : Resolved
Chirag Asija
(Querist)
29 October 2013
One of our client has sold a plot and has a long term capital gain. What are the possible ways to save him from paying long term tax. Please suggest the ways other than those mentioned under section 54?
Thanks in advance.
Thanks in advance.
Nikhil Kaushik
(Expert)
30 October 2013
no. the ways of claiming exemption from LTCG is within the precinct of Section 54 to 54H.
CA Pallav Singhania
(Expert)
30 October 2013
You can claim exemption only {in case of sale of plot} in section 54F, 54EC....
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