Capital gain tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2011
1. Is there capital gains tax applicable for agri lands ?
2. If applicable is there any guide lines for this?
3.Where can I get relevant details? Any reference books or from internet?
A quick reply will help very much/
Thanks
2. If applicable is there any guide lines for this?
3.Where can I get relevant details? Any reference books or from internet?
A quick reply will help very much/
Thanks
19 November 2011
Yes capital gain tax apply on sale of agriculture land. refer section 45.
You can refer law and practice or mukesh patel for better view.
if u have africulture land and u sold it then u should buy other agriculture land so that whole gain arise will be exempt u/s 54B
You can refer law and practice or mukesh patel for better view.
if u have africulture land and u sold it then u should buy other agriculture land so that whole gain arise will be exempt u/s 54B
20 November 2011
Not Applies to Rural Agriculture Land
Sec 45 Applicability
VK Singhania
Sec 45 Applicability
VK Singhania
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
