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Cap gain of hp
a person sold his long term residential property...getting a net sale consideration of 19lacs......and later he purchased another land....is ther any way to save the tax....
Replies (5)
Unless you construct any HP over the land purchased, no exemption over LTCG.
Will the answer change if he purchased rural agri land?
No. Exemption available on over HP.
What is the value of land..
One tax planning that you can do is construct a small low cost structure with a rest room and kitchen platform depending upon the size of land.
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