Capital gain

Long Term Capital Gains will be attracted in this case.

There are two ways to claims exemption to avoid paying taxes:

1) Invest in Rural Electrification Bonda / NHAI Bonds but you cannot invest more than Rs. 50 Lakhs so if your LTCG is below or upto Rs. 50 Lakhs you can opt for this option. Exemption will be available u/s 54EC. Note that you need to invest within 6months from the Date of Transfer of your Land.

2) You can invest in residential house and claim exemption u/s 54F.

If he invest in residential house and in future if he wants to sale another land also.In that case what will be tax implication?