Saving capital gains from sale of land in urban area
This query is : Resolved
Rohit agarwal
(Querist)
07 March 2017
How to save tax on proceeds from selling land in an urban area.
07 March 2017
To save capital gains tax net sale consideration may be invested in residential house property to get exemption u/s 54F by complying with all other conditions of section 54F else bonds prescribed u/s 54EC may be purchased within 6 months of transfer. Capital gains on sale of land should be long term.
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