Long Term Capital Gain Tqx

I have sold a Commercial Property ( Shop) in 2022. Now to avoid Long Term Capital Tax I am thinking of buying an agriculture land. Is it allowed? Can I buy residential property instead? How can I plan my LTCG. 

Thanks in advance. 

Replies (2)
Quick Summary
This discussion explores strategies to mitigate Long Term Capital Gains Tax (LTCG) after selling a commercial property. The user is considering purchasing agricultural land to offset the tax and asks if this is permissible. Alternatives such as buying a residential property or investing in Section 54EC capital infrastructure bonds are also raised as potential tax-saving avenues.

Either invest in Residential House Property or Bonds.
Sec 54EC -CAPITAL INFRASTRUCTURE BONDS
SEC 54F RESIDENTIAL HOUSE

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