Rural agricultural land

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MUSKAN (Querist)
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17 September 2014 Is INCOME FROM SALE OF RURAL AGRICUTURAL LAND IS TAXABLE UNDER THE HEAD OF LONG TERM CAPITAL GAIN & TOTAL INCOME ?

CS Advocate Abhishek Goyal (Expert)
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17 September 2014 Rural agri land is not capital asset hence no capital gains applicable.

MUSKAN (Querist)
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17 September 2014 So, it means it is not taxable in any head under Income Tax ?

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