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?
is this sale subject to capital gain?
Nikhil Kaushik
(Expert)
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
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
but sold after dividing it into four plots
29 July 2014
then in such case u will get exemption................
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