How can save capital gain tax?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2010 How can save capital gain tax?
If one person purchased commercial land in 1996 @ Rs. 50000 and sold the above land @ Rs. 6 lakh in year 2010. What is the capital gain tax?
If he purchased other commercial land of Rs. 10 lakh from received payment. What is the capital gain tax?
In these cases can we save capital gain tax?

CA Sanjeev Kr Jain

CA Sanjeev Kr Jain (Expert)
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25 May 2010 OPEN CAPITAL GAIN CHAPTER IN ANY READY RECKONER THAN ASK SPECIFIC QUERRY