Capital gain

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kajal patel (Querist)
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19 September 2016 under which section will capital gain will fall if we sell the NA (Non Agricultural) land and again re-invest it NA land.
how the capital gain will be worked out in such cases and which section will get attracted

Amol S Joglekar

Amol S Joglekar (Expert)
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20 September 2016 it is capital gain from NA land. Please note that there is no any exemption for purchasing a new NA land.
For exemption sec 54F and/or 54EC is available for you, if the capital gain is long term

kajal patel

kajal patel (Querist)
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20 September 2016 Thank you sir

Amol S Joglekar

Amol S Joglekar (Expert)
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21 September 2016 you are most welcome

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