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Capital gain taxability

This query is : Resolved 

I have purchased agriculture land on 29.08.2012. I converted agriculture land to non agriculture land in 2017-18 as on 23.10.2017. after conversion I sold this land on 16.07.2019. what will be capital gain liability?


Capital Gain Tax Liability as per normal provision no exemption will be claimed for agricultural land,
The cost of conversion of land from Agricultural to Non-Agri Shall be treated as part of cost of Improvement.

What will be period of holding and cost of acquisition ?

Since it has been kept for less then 3 years it will be considered as Short Term Capital gain.

https://cleartax.in/s/capital-gains-exemption-on-sale-of-land


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