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  1. Saipsy

    Income tax on sale of urban plot and buying agriculture land

    Hi Planning to sell urban plot which I held for more than 2 years. I know its subject to 20% ltcg. Is there any way to minimize/avoid taxes. What I have heard from a person (not a CA) is, if the gains are used to buy agriculture land then no tax liability. Can any one confirm?
    • Saipsy
    • Thread
    • Replies: 7
    • Forum: Tax
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