Capital asset sec 2(14) new def. of rural agricultural land
This query is : Resolved
02 March 2014
Can any1 post clarification on new definition of rural agricultural land u/s 2(14) as amended by finance Act 2013. ??
02 March 2014
what clarification you want??
03 March 2014
I need simple explanation about which category of rural agricultural land is a capital asset ?
03 March 2014
it is no more as simple as it used to be earlier. you need to check the population as per census and then appropriate distance is to be applied..
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