Regarding capital gain on sale

[YASH JAIN]

If anyone has received 7 crore from sale of urban agriculture land then how to claim exemption from this gain so that tax get reduced

AI Summary

Taxpayer explores capital gains exemptions for 7-crore urban agricultural land sale using sections 54B and 54F A taxpayer seeks advice on claiming exemptions for capital gains from selling urban agricultural land worth 7 crores to reduce tax liability. A tax professional responds suggesting potential benefits under sections 54B or 54F through required investments. The discussion occurs in a tax knowledge-sharing forum where practitioners exchange guidance on capital gains tax exemption strategies for agricultural land transactions.