Long term capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 June 2018 I am planning to sell some land that I had acquired 18 years ago. I am going to get receive a good amount of capital gain from this transaction, What are the ways of saving tax on this transaction?

CA KANJ GOEL

CA KANJ GOEL (Expert)
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06 June 2018 Dear,
It is tough to respond on your query with such limited facts even then I would like to tell you please consider the following points for tax planning:
1. Fair Market value of land as on 1.4.2001
2. Please consider the availability of deductions under section 54B, 54EC and 54 F of Income Tax Act.

Thanks
Kanj Goel
+91-9015980399