I have long time capital gain by selling a land for Rs 1crore ,now i want to how to deal with that money as i am in no mood to give tax right now.I have think to build my own house or to purchase a another land in future.
17 December 2015
you have to construct or buy a house. Mere purchase of land won't give you any deduction. Also, you have option of investing upto Rs 50 lakhs under section 54EC in NHAI/REC bonds.