Agro income
This query is : Resolved
AKARSH CHAUDHARY
(Querist)
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??
Amol S Joglekar
(Expert)
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)
Rupesh Jain
(Expert)
13 January 2015
capital gain on tfr of land in rural area. is not taxable under the income tax act.
income is not taxable.
income is not taxable.
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