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Capital gain

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(Querist)
24 November 2016 What is tax implication when an agricultural land is converted into non agricultural land and same is leased?
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Amol S Joglekar

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Amol S Joglekar (Expert)
24 November 2016 change of use does not attract capital gain.
change of ownership attracts capital gain
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akshat shah

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akshat shah (Querist)
24 November 2016 sir so conversion is immaterial and if i lease the same to other person for say 100 years then i wont attract any capital gain?
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Amol S Joglekar

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Amol S Joglekar (Expert)
24 November 2016 what are the conditions of 100 years lease deed?
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