If i sale agriculture land in city (nagar palika) how much t
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2012
if i sale agri land in city (nagar palika) at rs 3500000/- how much tax have to pay i have purchased land in 1978 or how can i save tax can i save tax in huf file
daya shankar singh
(Expert)
12 March 2012
If it is covered under agriculture land, then there is no requirement for the payment of tax.
12 March 2012
Agriculture land which is being situated in urban areas covered under the definition of capital asset.
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Amount of tax depends on the market value of land on 1980.
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You can save your tax by buying another agriculture land or a residential House property or REC/NHAI bonds..
'
'
Amount of tax depends on the market value of land on 1980.
'
'
You can save your tax by buying another agriculture land or a residential House property or REC/NHAI bonds..
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