My father in-law sell Land worth 80 lk .
Now they will be liable of tax on 69lk.
My que to is how to save tax?
1) invest in bond
2) invest in land/home
3) Gift to there 3 daughter
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How save tax on land sell
Replies (3)
Quick Summary
First and foremost thing is in which year he purchased property and for what price???
Secondly whether he are going to purchase any residential property in near future.
Secondly whether he are going to purchase any residential property in near future.
Jayesh
Please tell me about purchase price of land and year of purchase and sale.
Invest in bond sec 54EC, SEC 54F GIFT IS NOT PART OF CAPITSL GAINS. GIFT IS EXEMPTED IF ITBIS WITHIN BLOOD RELATION.
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