Incometax
This query is : Resolved
Guest
Guest
(Querist)
28 July 2012
SALE OF AGRICULTURE LAND WITHIN 1 YEAR IS EXEMPT BEING AGRICULTURE LAND OR TAXABLE. THE LAND IS BEYOND 8 KMS FROM GRAMPANCHAYAT & POULATION IS ALSO BELOW TEN THOUSHAND PLEASE EXPLAIN
28 July 2012
Sale of Rural agriculture land is not taxable.
Rural agriculture land is excluded from the scope of Capital assets u/s 45.
Rural agriculture land is excluded from the scope of Capital assets u/s 45.
Message likes :
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28 July 2012
Yes, I agree to Mohit's view.
Kind regards,
Neha D.
Kind regards,
Neha D.
Message likes :
1 times
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