Capital Gain redeployment

One of my friends who is a promoter of a small company has had a capital gain of 20 crores asa result of the sale of his company. How should he redeploy capital for maximum tax saving while still following all laws more  

Mr Mohit Jain I am agree with Shalini Subashchand that your question needs complete details so it is better to advice your friend to ask directly with complete details of transaction and it is better to consult a tax consultanat either a Lawyer or a CA. Such type of querries can not be solved here as your querry is a very peculier and needs proper and legal guidance. more  
Mr Sunil Puri it is a case of sale of company not sale of property and both are different transactions. more  
Your question is very vague and it needs details like if you are promoter how much was your share of capital. How the assets of the company disposed. How was the valuation for sale done? What is the break up of consideration like for land, building, depreciatable assets, human resources (good will ) , vehicles, furniture and SIT and etc., We have to see how much is for capital assets and how much is for non capital asset., then quantify capital gain/loss and business profit/loss. What is the continuity of the company as an entity and etc., Please consult a CA with all details for guidance. more  
In sale of property, if amount of capital gain is invested in new property which can't be sold for three years or does the fixed deposit for three years than no tax is to be paid. I think similar rule may apply for this. However need to consult your CA more  
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