computation on capital gain of sell of my ancestoral agriculture land
This query is : Open
20 February 2017
sir I have recieved a notice from income tax department India . my father sold the agriculture land in December 2012 . which was the ancestral land. now we have received a letter/notice from income tax department that
1. provide the details of computation of capital gain received by sell of immovable property.
what can I do sir now. please help me
20 February 2017
If agriculture land sold does not come under capital asset as per the law as it stands in December 2012, you may reply by stating that since agriculture land sold was not a capital asset there was no capital gain on it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- GST ISD Query on various AMCs
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Missed TDS
- TDS NOT YET CREDIED
- PF wage ceiling
- Itr processing refund
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
