Sold land

narpat garg (Querist) 28 January 2012 This query is : Resolved
i am state govt.teacher.my agriculture land in village.its granite area jon but i can not sell land beacause my cast in s.c. so i agriculutre land converted in non agriculutre land date 20.1.12. i sold land date 25.1.12 .my annual sallary income 385000.my dedcation is 100000 and house loan intrest paid rs.65000. how can manage income tax .is income from selling non agriculuter land rs. 2100000.taxable.how can i save tax. please total calcutation me chart

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Raj Kumar Makkad (Expert) 28 January 2012
You should take help of CA instead of getting your personal work done here. You can easily afford his service charges.

ajay sethi (Expert) 28 January 2012
we are not chartered accountants . your accountant will guide you in saving taxes

V R SHROFF (Expert) 28 January 2012
consult your CA, u hv lots of money recd to pay ur CA, who will certainly save ur tax, Pl don't tax us.

M/s. Y-not legal services (Expert) 28 January 2012
am also agree with our experts..

post it c.a club..

-tom-

Sailesh Kumar Shah (Expert) 28 January 2012
To save tax, do follow:-
1.Purchase specified Bond or
2.Purchase property

Guest (Expert) 28 January 2012
yes i do agree with our expert Shroff sb., pls don't tax us, u can contact to CA.

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