CAPITAL GAINS ON SALE OF AGRICULTURAL LAND

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  1. M K AGARWAL

    M K AGARWAL New Member

    I inherited a portion of agricultural land in UP on the demise of my father in 1983. The date and original cost of acquisition is not known. I have sold this property in May 2015. How do I calculate capital gains. Can I show this money invested in a flat which has been registered in my name jointly with my son in April 2015. I already own a house in Panchkula. How else can I save paying of capital gains on this sale.The property was purchased well before 1981. It lies in Distt Shamli of UP. Originally it was part of Muzzafarnagar Distt. Which ITR Form should I use. I am a pensioner and have income from pension and other investments also.
     
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