Capital Gains
This query is : Resolved
28 July 2010
is there any charge ofCapital gains on sale of Agricultural land
28 July 2010
if rural agricultural land located in india is sold then no capital gain
CA.ViVeK M ACA
(Expert)
28 July 2010
Fact of the cases
Sale of agriculture land
Proviso under the act
If the land situated within urban area then capital gain tax would be attracted. Else no tax
conclusion
Taxability depends upon the location of agricultural land in Rural or urban area
Sale of agriculture land
Proviso under the act
If the land situated within urban area then capital gain tax would be attracted. Else no tax
conclusion
Taxability depends upon the location of agricultural land in Rural or urban area
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