Clgt


This query is : Open 

05 March 2016 my father have sell agricultural 1cr.now I have invest 50lac in bond.my cot of index 20lac. so how to calculate clgt

05 March 2016 Agriculture Land is not a Capital Assets as per Income Tax Act. Therefore any gain from the same is not not liable for income tax.

05 March 2016 but my land is only 6 km from municipality boundary & my my municipality populations above 1 lac


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