Poonawalla fincorps
Poonawalla fincorps

Long term capital gain in case of sale of plot

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(Querist)
29 October 2013 One of our client has sold a plot and has a long term capital gain. What are the possible ways to save him from paying long term tax. Please suggest the ways other than those mentioned under section 54?
Thanks in advance.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
30 October 2013 no. the ways of claiming exemption from LTCG is within the precinct of Section 54 to 54H.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
30 October 2013 You can claim exemption only {in case of sale of plot} in section 54F, 54EC....
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