I will be having long term capital gains by March 2022. If I purchase agriculture land now, can I claim its deduction on the long term capital gains.
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Quick Summary
This discussion explores the possibility of claiming an exemption on long-term capital gains (LTCG) by investing in agricultural land. The consensus is that yes, you can indeed claim this deduction if you purchase agricultural land before the one-year mark from the transfer of the asset on which LTCG is anticipated.