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Capital gains

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(Querist)
18 November 2011 Sir,
Capital gains involved if an agricultural land being sold in the same year as agricultural land

In the other case if during the purchase being an agricultural land and subsequently converted to industrial land and the capital gain involved if sold with in the same year or else after 18 months
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CA sheekhr

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CA sheekhr (Expert)
19 November 2011 as per sec 2(14)agricultural land does not come in the definition of c.assest so no c.g
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