Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2012
dear sir,
my client sale a agriculture land in a village where population is below 10000,
can i avail benefit of section 2 (14)?
my client sale a agriculture land in a village where population is below 10000,
can i avail benefit of section 2 (14)?
Dintakurthi Tirumala
(Expert)
29 July 2012
Only Population not sufficient to get benefit under section 2(14) also consider the specified area by the municipality with in its limits. I.e the land should be situated beyond 5 kms from any municipality or 8 kms from any corporation limits. if this condition also satisfied then you avail the benefit of section 2(14) exemption.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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