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Vipul

Vipul Bhavsar  |86 Answers  |Ask -

Tax Expert - Answered on May 04, 2025

Vipul Bhavsar is a chartered accountant from The Institute of Chartered Accountants of India. He has over 16 years of experience in corporate advisory, taxation and financial reporting.
His interest areas are consulting, income tax, GST and due diligence.
He founded his CA firm, V J Bhavsar and Associates, in 2010 through which he offers services like virtual CFO, trademark registrations, company /LLP formation, MIS reporting, audit, tax and TDS compliances, accounts receivable/payable management and payroll processing.... more
Sumit Question by Sumit on May 02, 2025
Money

I have purchased a land in 2016 at 665000 and sold it in April 2025 at 1537000. Profit made is 872000. Plz inform the taxes to be paid on it and how to save the tax

Ans: LTCG Capital Gain Exemption Options Amount of Investment Amount of Exemption

1 Buying New Flat 1 year before of within 2 years from the date of Sale Total Capital Gain Total Capital Gain

2 Construction of New Bunglow/House etc. Within 3 years Total Capital Gain Total Capital Gain

3 Bonds of NHAI, REC for 5 years within 6 months Total Capital Gain Total Capital Gain
Maximum amount Rs.50 Lakhs
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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