Capital gain tax

Sivaramaraju G (Learner) (2398 Points)

26 August 2020  
Hi all,

My client has sold his fish tank i.e. land he got gain and tax came up to 5 lacs but he can't be able to pay tax at all as he has huge business loss due to that only he has sold his property. is there any possibility to save tax with out investment in property or bonds to get tax relief and he has no capital losses in earlier years also.