Capital gain
This query is : Resolved
18 April 2012
Can an agriculture land situated within 5Kms from outer border of Municipality be considered as Capital Asset?
sumit jain
(Expert)
18 April 2012
It is a Capital Asset, provided the population of such municipality is at least 10000
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CA PRAVEEN SINGH
(Expert)
19 April 2012
YES AGREE WITH ABOVE EXPERT.
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