Q:I sold a piece of land in 2012. With that money I bought a residential flat to save on the tax over capital gain. Now I am planning to sell my another piece of land. What can I do to save on the tax over capital gains this time?
Latest Answer: Please go very carefully through the provisions contained in section 54 and 54F of the Income-tax Act, 1961. Apparently, it appears that you will not be able to save income-tax.
