Hello
We have sold ancestral agricultural land in corporation area for 1800000,on march 2014. Govt. valuater made price 140000 as on 1-4-1981, tax advisor told to invest total sale amount in capital gain bonds. we r in need of money. is it necessary to invest complete amount or some amount?
Please let us know.or other way to get through it. My job salary is 200000/-. so what r options to save long term capital gain tax for sale of agri land we r not planning to buy other agri land. & can i invest in 54EC bonds or not, also let me know sec 54, 54EC, 54 F which are applicable for sale of urban agri. land
CAclubindia
