20 August 2019
Hello friends... One of my relative has agriculture land in rural area since 1971 of Rs. 1500/-. Now he sold this land after converting from AGRICULTURE LAND to NON AGRICULTURE LAND in 2018-19 and sold out in Ten purchaser in small plot @160000/- Per Plot for use of residential purpose. it means it is a short term capital gain i just want to know that what is the cost of acquisition i will be taken for filling of income tax return.