Agriculturall land
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2014
I HAVE SOLD MY AGRICULTURAL LAND IN INDIA AND I HAVE TO INVEST THIS MONEY IN FOREIGN RESIDENTIAL HOUSE....
WHAT ARE THE PROVISIONS FOR THIS? AND HOW CAN I SAVE TAX ON THIS?
WHAT ARE THE PROVISIONS FOR THIS? AND HOW CAN I SAVE TAX ON THIS?
25 August 2014
if u invest out of india then whole of capital gain is taxable...........
CA R SEETHARAMAN
(Expert)
25 August 2014
If your land is rural agricultural land and exempted from income tax, you can invest in foreign residential house.
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