Query on sale

If I sale a flat for Rs.42 lac and purchase an agricultural land,what will be capital gains tax?
Replies (4)
Quick Summary
This discussion clarifies capital gains tax when selling a flat for Rs.42 lac and purchasing agricultural land. It's highlighted that simply buying agricultural land doesn't exempt you from capital gains tax. To avail tax benefits, a residential house must also be constructed on the land.

No capital gain tax saving when you purchase just agricultural land. Unless you also construct a residential house on it.

Agree with above
Thank you both of you
Your welcome

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