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Regarding capital gain tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 May 2013 Dear Members,

I have a query regarding capital gain tax.

I have a land (agriculture and residential) this is on my name since 20 years. Now i want to sell it.

i want to know

1) if i sell all land to one buyer then what will be the tax provision and rebate available to me.

2) If i sell all land to different buyers then what will be the tax provision and rebate available to me.

Today the value of the land is 3.50 crore.

Kindly also tell me the relevant provisions alongwith section reference.

Regards
Jasbir Singh
8802379763
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Suresh Mittal

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Suresh Mittal (Expert)
23 May 2013 Selling the whole land to one person or to different persons does not make any difference in calculation of capital gain.
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 May 2013 Sir,

Kindly tell the section references for rebate.
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Anil Sankar V

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Anil Sankar V (Expert)
23 May 2013 no rebates
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Guest

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Guest (Expert)
24 May 2013 you can claim exemptions from capital gain, under section 54EC/54F/54EA
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