Long Term Capital Gain

[ANIL CHAUHAN]

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

 

[CAGOPALJI AGRAWAL]

Please clarify your query and furnish adequate details.

[ANIL CHAUHAN]

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

AI Summary

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.