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Long Term Capital Gain

ANIL CHAUHAN

How to save long term capital gain when sale of industrial plot in r-zone

 

Long Term Capital Gain: seeking computation formula and mitigation options for sale of a converted industrial plot. Query on computation and mitigation of Long Term Capital Gain arising from sale of an industrial plot bought in the free zone in financial year 2001-2002 that is now in R Zone; request seeks the formula for calculating the gain and advice on how to save tax, with an initial request for further particulars. (AI Summary)
Income Tax
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CAGOPALJI AGRAWAL on Mar 25, 2012

Please clarify your query and furnish adequate details.

ANIL CHAUHAN on Mar 31, 2012

Dear Sir,

 

We have purchase industrial plot in free zone area during F.Y. 2001-2002, now this plot is in R-Zone and we interst to sell out, please advice farmula long term capital gain and how it is save

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