Sale of agricultural land

Yes  Bro....!!!!!!!!!!!

As per sec 54B of Income Tax Act,1961

Any Capital gain arises to an individual for transfer of agricultural land which is held for 2 years by assesse or his parents..!!!!!!!!!!

That capital gain can exempted if is invested in another Agricultural Land with in time limit ..!!!!

This section is applicable to only for individual...!!!!!!!!!!!

so in your case, you can not claim exemption,,,,,as per sec 54B...!!!!!!!!!!

But we can claim exemption as per sec 54EC

For more details refer below

https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=5a1aac72-fbfb-4645-a4be-e48e8c0cb56c&rdb=sec&yr=e5be6bdb-1fc4-42d6-ac7b-34a44fd65485&sec=54B&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

Thanks for oppurtunity