long term capital gains on sale of plot

dear, apart from investing in house property and bonds, is there any other way out to save tax on long term capital gains arised on sale of plot. can we not invest in another plot and avoid capital gains tax.

asked Feb 22 '11 at 05:09 by Pawan 1111

If you buy a plot, a house must be constructed on same within three year to get tax exemption on long term capital gains.

answered Feb 22 '11 at 14:15 by Pankaj Batra 5.2k320


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Asked: Feb 22 '11 at 05:09

Seen: 2,359 times

Last updated: Feb 22 '11 at 14:15