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(Querist)
21 July 2018 I HAVE SOLD ANCESTRAL AGR LAND ON 25/07/2017 THE SAID AGR LAND IS SITUTATED DISTANCE OF 3KM FROM GRAMPANCHAYAT OFFICE & POPULATION OF THE VILLAGE IS 2500

WHETHER THE SALE PROCEEDS OF THE SAID LAND IS TAXABALE UNDER CPAITAL GAIN OR NOT
PL EXPLAIN ME
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 July 2018 Not taxable under capital gains as land is situated in a village of population less than 10000.
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