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Long term capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2011 iam going to sale my land(agricutre) which is located within 10 km from urban area ,sale proceeds is 12 lakh. and further i am not going to invest in land& resedential house. now what should i do to minimize the LTCG Tax

PLZ suggest me...
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VISHRUT

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VISHRUT (Expert)
22 September 2011 Invest in Bond of NHAI or RECL.
No other option is available.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
22 September 2011 Pl redraft the issue by considering the distance as 'upto of distance of 8 kilometres' instead of 10 Kms.
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