Capital gain - sale of land

we can do tax savings only if we invest in residential property and not a new land

U can also purhcase NHAI & RECI Bond under section 54EC.

Dear Ganeshan, can u plz make me clear whether NHAI & RECI bond are applicable on Land. I think its for residential house property only

. Plz rectify me if i m wrong

under section 54EC : LTCG on transfer of any LTCA shall be exempt if the amt. of capital gain is utilised for purchase of bonds of NHAI & RECL  within the following time limit.

Time limit: the bonds should be purchased within 6 months after the date of trasnfer.