Easy Office
LCI Learning

Capital gain

This query is : Resolved 

02 December 2011 Respected Sir/Madam

I want to know if a person sales urban agriculture land in his life time. and after his death according to his will his sons getting fund in cash and invested in agriculture land in himself name for getting the u/s 54 F in the income tax return of father. can is it possible .

03 December 2011 Dear friend , since Agricultural land is not a capital assets , any transfer of Agricultural land does not raised Capital Gain.



























You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries