Agro income

This query is : Resolved 

13 January 2015 any person sell his agriculture land which is situated in rural area is taxable? and if he buy another land earn profit of rs.300000 is also taxable??

13 January 2015 the capital gain arising out of sale of RURAL agricultural land is NOT taxable. (Hope it is satisfying the condition of agri land in toto)

13 January 2015 capital gain on tfr of land in rural area. is not taxable under the income tax act.
income is not taxable.


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