Capital gain Tax on Land sold

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  1. Kumar G

    Kumar G New Member

    Hi ,

    I have sold a land recently that was bought in 2010. I have house loan currently.

    Can I use this money for paying my house loan?
    How can I avoid paying 20% capital gain ? -
    Can I re-invest in Land? I saw in your site, if it's residential then I can invest in house. But can I invest in Land?

    Any details around this is very much appreciated.

  2. ZED

    ZED Well-Known Member

    If you do not own more than one residential house property and if you will construct a residential house property on the land within a period of 3 years from the date of transfer then exemption can be claimed u/s 54F provided other conditions as mentioned therein are also satisfied.

    If 6 months have not lapsed from the date of transfer, try investing in bonds of NHAI/RECL u/s 54EC.
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