If you wish to save income tax on long term capital gains from sale of any specified asset like equities, land, real estate then one of the best ways is to utilise Section 54 or Section 54F or even 54EC if it's applicable for your specific case. To give a brief overview of Section 54F, it allows individual and HUF taxpayers to save tax on capital gains arising from the sale of a long-term capital asset, other than a residential property, like equities by investing the gains in a new residential property.