capital gain
This query is : Resolved
03 July 2010
If an agriculture land is sold and new rural agricultural land is purchased within 2 yrs.What will be the consequence, if he sells the rural agri land within 3 yrs.As there will be no capital gain from tranfer of such land.So, how can we deduct the amt which was exempt earlier from the cost of aquisation.
09 July 2010
There will not be any capital gain as well as not forefeit of of earlier claimed exemption.
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Regards!!!
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