Capital gain
This query is : Resolved
Vandna rana
(Querist)
06 April 2017
Respected Sir,
I want to know that a person sale a residential house and then purchase agricultural land. Are capital gain exempt and taxable
I want to know that a person sale a residential house and then purchase agricultural land. Are capital gain exempt and taxable
CA MANISH SAXENA
(Expert)
06 April 2017
Hi Vandana,
In your case where sale of residential house and then purchase agricultural land is not covered in any exemption section of Capital Gain Chapter.
So this will be taxable.
Thanks
May connect me on manish.saxena@icai.org
In your case where sale of residential house and then purchase agricultural land is not covered in any exemption section of Capital Gain Chapter.
So this will be taxable.
Thanks
May connect me on manish.saxena@icai.org
CA R SEETHARAMAN
(Expert)
06 April 2017
Not exempt taxable...............
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