capital gain
This query is : Resolved
Viral Shah
(Querist)
13 June 2011
what is the taxability of long term capital gain on sale of Agricultural land by a public limited company?
Under which section?
I know that a company can not hold Agri. land,So, sale of it and consequently capital gain taxability question does not arise..........
But, I have come across a Sale deed of Agri. land executed by a public limited company !!!!!
What are its consequances????????
Anypenal charges??
Imprisonment penalty for directors??????
Under which section?
I know that a company can not hold Agri. land,So, sale of it and consequently capital gain taxability question does not arise..........
But, I have come across a Sale deed of Agri. land executed by a public limited company !!!!!
What are its consequances????????
Anypenal charges??
Imprisonment penalty for directors??????
13 June 2011
Capital Gain on Sale of Agricultural Land is Exempt for all.
Who said that Pub.Ltd Co can't hold agricultural Land?
Who said that Pub.Ltd Co can't hold agricultural Land?
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