Capital gain

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sumit (Querist)
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18 April 2012 Can an agriculture land situated within 5Kms from outer border of Municipality be considered as Capital Asset?

sumit jain (Expert)
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18 April 2012 It is a Capital Asset, provided the population of such municipality is at least 10000

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CA PRAVEEN SINGH (Expert)
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19 April 2012 YES AGREE WITH ABOVE EXPERT.

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