I have sold one Urban Agricultural Land in 3 Parts in same financial year. Can I purchase Single Agricultural Land for saving of Capital Gains arising on Sale.
Menu
Capital Gain on Sale of Agricultural Land in Parts
Replies (4)
NO NOT NECESSARILY.
No there is no need
My question is that I sold a Urban Agricultural Land in Three Parts i.e. on 21-08-2020 in 21 Lac, on 24-08-2020 in 55 Lac and on 28-08-2020 in 32 Lac and now the Long term capital gain is arising as Rs. 39 Lac on sale of these three parts. Can I purchase a single Agricultural Land to save my Long Term Capital Gain Tax of Rs. 39 Lacs.
Invest in capital infrastructure bonds as per Sec 54EC
Recent Threads
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
- RCM List on GST
Related Threads
CAclubindia
