Land sale
This query is : Resolved
08 October 2015
I have purchased the commercial shop 1970 and sale the property year 2015. How to tax save please explain
09 October 2015
As this is a Long Term Capital Gain, you may purchase a residential house from the sale proceeds under section 54F or may invest in NHAI or RECCI bond of upto 50L to claim exemption u/s 54EC
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