Sale of land

Dipak N. Bhatt (Querist) 21 June 2015 This query is : Resolved
I have sale open residential plot, gifted to me in 1975. How I will save tax.

Please suggest

Thanks & Regards
Dipak Bhatt

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B.Chakrapani Warrier (Expert) 21 June 2015
Please work out the capital gains and invest that amount in specified bonds as per section 54EC of the income tax Act,1961 with in six months from the date of transfer of the land.

Rajendra K Goyal (Expert) 21 June 2015
Consult local tax consultant and give him all details.

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