agriculture land
This query is : Resolved
21 August 2009
purchased agri. land worth Rs : 1042500/-
on 22-6-2008 and sell it on 15-7-2008 worth rs : 1620000/-, profit arose worth Rs : 577500. Nature of profit short term or long term capital gain ? Exemption u/s 54-B is also applicable on short term capital gain or not ?
on 22-6-2008 and sell it on 15-7-2008 worth rs : 1620000/-, profit arose worth Rs : 577500. Nature of profit short term or long term capital gain ? Exemption u/s 54-B is also applicable on short term capital gain or not ?
21 August 2009
Short term, yes available if it is agri land under Sec 54
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