FARM HOUSE IN RURAL AGRI LAND SALE
This query is : Resolved
20 August 2020
AN ASSESSEE WHO CONSTRUCTED A FARM HOUSE FOR 225000 DURING THE FINANCIAL YEAR 2018-2019 IN HIS RURAL AGRI LAND. HE SOLD THE AGRI LAND TOGETHER WITH FARM HOUSE OUT OF SALE RS. 395000 PERTAINING TO THE FARM HOUSE. i WANT TO GAIN ON SALE OF FARM HOUSE IS TAXABLE AS SHORT TERM CAPITAL GAIN OR PROFIT ON SALE OF AGRI LAND. tAX CONSEQUENCES?
21 August 2020
Rural agricultural land and farmhouse exempt from capital gains tax.
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
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- GST ISD Query on various AMCs
- DUE DATE FOR ITR FILING
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Old Traces Portal
- ITC BENEFIT ON BROKRAGE PAID
- 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
