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!!!
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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