Agriculture land - capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 November 2011
I purchased an agricultural land than convert it to Non-Agriculture and sold to third party,
what will be the tax consequences?
can i enjoy tax exemption benefit for the sale of Agriculture land?
what will be the tax consequences?
can i enjoy tax exemption benefit for the sale of Agriculture land?
CA MANOJ GUPTA
(Expert)
07 November 2011
oNCE U GET THE LAND CONVERTED INTO NON AG LAND THEN GAIN ARISING ON ITS SALE WILL B CHARGEABLE TO CG TAX IN INDIA
U CAN CLAIM EX UNDER S 54F/54EC IF U SATISFY CONDITIONS SP THEREIN
CA MANOJ GUPTA
JODHPUR
09828510543
U CAN CLAIM EX UNDER S 54F/54EC IF U SATISFY CONDITIONS SP THEREIN
CA MANOJ GUPTA
JODHPUR
09828510543
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