Land sold

If u have sold rural agricultural land it is not taxable(exempted).There won't be any capital gain.

1. If u have sold any of your long term agricultural land and u have purchased another agricultural land with in 2 years       from the date of transfer ucan claim exemption under section 54 B.

2.Otherwise u have to construct a residential house with in 3 years in that land and claim exemption under section 54 F.