I want to sale my Non-Agri.Plot for Rs.20 Lac and purchase anather plot around Rs.20 lac. is it attract any capital gain? please guid!!!
1 Replies
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 01 August 2012
Yes the sale will attract tax , but you can avoid it by investing in RECL or NHAI bonds u/s 54EC , but invest to be made only if the sale has resulted in LoNG TERM Capital gain.
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