Capital gain
This query is : Resolved
19 January 2014
If the Capital gain ( sale of agriculture land ) amount deposited in SB account and after 3 years agriculture land purchase from said gain amount shall claim exemption?
19 January 2014
if the said land was outside the limit of municipalities, then anyways no capital gains..
however, if the said land was within the municipality limits, you need to invest the funds in agriculture land within two years of sale.
So, regardless of where you kept the money, exemption cannot be claimed as two years period has elapsed.
however, if the said land was within the municipality limits, you need to invest the funds in agriculture land within two years of sale.
So, regardless of where you kept the money, exemption cannot be claimed as two years period has elapsed.
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