Ways to Save Tax on Capital Gains on Sale of Agricultural Land Within Municipal Limit?

My mother has a agriculture land within municipal limit of the city and about to sell it for 6cr. The agriculture land came to her via a will which was done by my grandmother in 1979. After grandmother died the land was transferred to my mothers name in 1999. She has been the owner for [...]

Is Resident Sr.Citizen Liable To Tax On LTCG Below Exemption Limit?

My father is a senior citizen with no source of income,recently he sold one of his house properties and has some capital gain income.I would like to know if the minimum limit of Rs 1,95,000 is applicable while calculating tax from income on capital gains as that would save us some amount of tax.Also I [...]