Capital gain
This query is : Resolved
14 August 2012
MY CLINET HAS PURCHASE AGRICULTURE LAND AND SOLD WINTH IN ONE MONTH.
ANY TAX LIABILITY ARRISES ON THE ABOVE TRASACTION ?
ANY TAX LIABILITY ARRISES ON THE ABOVE TRASACTION ?
14 August 2012
agri land is not capital asset, so no tax implication.
14 August 2012
If agricultural land is situated in India, there would not tax implications on sale of the land
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