Hi, all I am selling agricultural land which is located near the municipality what are the legal ways I can avoid taxes?
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Seling agricultural land
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There is a difference between near municipaliy and within the municipal limits and jurisdiction.
You can take advantage of sec. 54B &/ Sec. 54EC &/or sec. 54F of IT act and save tax.
You can claim exemption under sec. 54B & or Sec. 54EC & or sec. 54F of IT act to save tax
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