- As per new rules on capital gains from FY 2017-18 & onwards, whether can we get exemption on short or long term capital gains by purchasing agricultural land..?
- I have purchased a plot in the year FY 1995-96. How to do indexation for the FY 2017-18, since base year has been changed to 2001-02? Do we have to apply old CII up to 2000-01 & on this indexed valued up to 2000-01, again apply new CII to arrive the value for 2017-18?
1 Answers
Hi,
1 & 2 - Kindly note that Capital Gain Tax cannot be saved if the sale proceeds are invested in a commercial property, agricultural land or vacant plot
Kindly read :
https://www.relakhs.com/how-to-save-capital-gains-tax-on-sale-of-land-house-property/
https://www.relakhs.com/agricultural-income-land-tax-treatment/
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