Tax on Sale of Urban non agri / residencial land buy 1/5/2010 @ 10 lac & sale 15/3/2011 @ 12 lac & i re-invest the whole amount of 12 lac in a new Urban non agri residencial diverted land how to calculated Income tax ? If any exemption i get please tell about me......? i think 54 b & 54 D in not applicable.?