Capital gain tax on agricultural land
This query is : Resolved
15 September 2015
We have purchased Agricultural land situated in rural area in 2007 by executing unregistered sale deed.
Now I want to sale the same to previous seller by executing unregistered cancellation deed.
whether capital gain attract on such cancellation deed? and what rate I have to pay capital gain tax?
Now I want to sale the same to previous seller by executing unregistered cancellation deed.
whether capital gain attract on such cancellation deed? and what rate I have to pay capital gain tax?
15 September 2015
Being agricultural land situated in rural area capital gain tax will not arise.
16 September 2015
Thank You Sir.
.
.
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