Computation of Capital gain n get exemption to pay minimal cap. gain tax
shyam (CA Final Student) (166 Points)
04 October 2020Date of purchase of Villa -03.02.2017
Date of Sale of Villa -30.09.2020
Paid via DD dated 29.09.20
Date of Agreement - 31.08.2020
Token RECVD. from buyer on 22.8.20
Sales Consideration @ 59 lakh
Cost of Acquisition @ 4195881/-
Seller wants to buy another residential house/land with this money. How he can save more n more Cap gain tax.
Also compute the Cap gain tax.
thanks
regards
Shyam singh