Capital gains on ancestral property

shridhar (Querist) 19 September 2012 This query is : Resolved
im planing to sell my ancestral agricultural land at hubli and would like to invest in madhya pradesh. how can i avoid capital gains?

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A V Vishal (Expert) 19 September 2012
Agricultural land is not treated as a capital asset if certain conditions are satisfied, sale of agricultural land will not attract tax if these conditions are satisfied.

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