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Ltcg on sale of land

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2013 I HAVE SOLD LAND IN THE CURRENT FINANCIAL YEAR. IT RESULTED IN LTCG. CAN I AVAIL ANY TAX BENEFIT, IF I INVEST THE PORTION OF LTCG IN PURCHASE OF LEASE HOLD PROPERTY. PLS SUGGEST.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
28 December 2013 You can save LTCG by investing in %$EC Bonds

You can also purchase a residential house provided you do not own any other residential house.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2013 Thank you Sir for your reply. But my question is can i invest the amount in leasehold property and save tax?????
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2013 Thank you Sir for your reply. But my question is can i invest the amount in leasehold property and save tax?????
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
29 December 2013 In case of leasehold property if it is residential then yes but if it is otherwise then not
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
29 December 2013 Agree with Expert..

for Complete details

https://www.caclubindia.com/articles/capital-gain-tax-simplified-18623.asp
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