Stcg on land
This query is : Resolved
15 May 2012
What is the tax planning for short term capital gain on sale of land ? Pls rply its urgent
15 May 2012
If that land was owned by an Individual and was used by him / his parents for agriculture for at least two years before the date of sale, then the assessee can get the benefit of Section 54B by investing the proceeds in any other agricultural land.
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