Ways of saving cg out of sale/conversion of property

This query is : Resolved

Sanjay Shrivastava (Querist)
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17 September 2014 In the concerned matter;

There is conversion of parental property (Agriculture Land) into stock as he now planning to sell the land in plots as a builder.

Kindly share the ways of saving capital gain arising out of this conversion.

If there is anything you would require or like kindly ask.

Mail : ca.shrivastav@gmail.com

Nikhil Kaushik online

Nikhil Kaushik online

(Expert)
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17 September 2014 1. if you sell within three years of conversion, STCG will apply, and you wont be able to save any taxes

2. so wait for three years and then you will be able to claim deduction under 54EC, 54F etc