capital gain tax- Purchase of plot is claimeing of exemption

[murugesan anbuchezhian]

my capital gain was calculated 70.5 lacs i the assessment year 2007-08.in this regard i have purchased a plot but no development till date. and no investment.

but the is there any way to escape from tax

AI Summary

Discussion on Capital Gains Tax Avoidance for 70.5 Lakhs in 2007-08: Is It Possible? A participant in a discussion forum inquired about potential ways to avoid paying capital gains tax after calculating a capital gain of 70.5 lakhs in the assessment year 2007-08. The individual mentioned purchasing a plot without any subsequent development or investment. A respondent advised that, in their opinion, there is no way to avoid the tax under these circumstances.