Income tax

your question is answered

It is better to show all transactions white and invest in Long term NABARD, NHA, Rural Electricity Board.

It's better that you can take any expenses related to land in previous years and that expenses are capitalised in to land (if possible). otherwise another option is you may sale land totally in white and purchase another land, then after you can't pay income tax or less income tax. it is manageble and adjustable.

Another option is you can sale land 50% in white and 50% in black. pay some tax and raho relax.

I think second option is better than another option.

Dharmesh Gandhi

Tax-Advocate

You have not clear all the things..

If land is rural agriculture land then fully exempt from tax.

den u should show ful consideration in white.

O/w U are as per law assessee in default and you are concelling of income under section 271(1)C.

If you want to save your tax den sale consideration you should invest in any other property in 6 months or in NHA, RECL bond.

for further query you can kol me 9829551008