IS CAPITAL GAIN EXEMPTED ?
This query is : Resolved
21 July 2010
MR. A SELL A LAND IN RURAL AREA AT A CAPITAL GAIN OF RS. 10 LACS
MY QUERY IS >
WILL IT BE EXEMPTED AS IT IS IN RURAL ??
OR
IF LAND IS AGRICULTURAL WILL THE ANSWER CHANGES ?
OR
IF LAND IS IN URBAN AREA AND AGRICULTURE WILL IT BE EXEMPTED ??
PLEASE ANSWER SEPRATELY
MR. A SELL A LAND IN RURAL AREA AT A CAPITAL GAIN OF RS. 10 LACS
MY QUERY IS >
WILL IT BE EXEMPTED AS IT IS IN RURAL ??
OR
IF LAND IS AGRICULTURAL WILL THE ANSWER CHANGES ?
OR
IF LAND IS IN URBAN AREA AND AGRICULTURE WILL IT BE EXEMPTED ??
PLEASE ANSWER SEPRATELY
21 July 2010
only rural agricultural land located in india is exempt... rest all are taxable.
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