Agriculture land

This query is : Resolved 

25 July 2014 an agriculture land is sold by doing plotting and without changing its land use .

is this sale subject to capital gain?

25 July 2014 is the land is not being used for agriculture activities, then it wont be covered under exemption.

25 July 2014 land was used for agriculture purposes for pvs. for years
but sold after dividing it into four plots

25 July 2014 land was used for agriculture purposes for pvs. for years
but sold after dividing it into four plots

29 July 2014 then in such case u will get exemption................


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