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?
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.