Capital Gain

R.Suresh (Sr. Executive) (394 Points)

27 May 2009  



My friend purchased one plot for Rs 8 lakh for year 2004 & he sold on middle of the year 2008 for Rs. 30 lakh and he invested roughly sum amount in Capital gain tax scehme with bank.

Now my question is my friend is going to avoid the tax from CG..

Kindly give me the solution for the above query.

thanks in Advance for replies.