Is it consider transfer sale of agriculture land? if yes how
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Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2011
is it consider transfer sale of agriculture Land? if Yes how calculate capital Gain Tax
12 December 2011
Keep in mind the provisions of section 50 C.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2011
but it is taxable on transfer of agriculture land
12 December 2011
If the land fullfills the criteria of being agriculture land as per income tax act , than there will not be any LTCG on the sale of agriculture land.
Gujrat High court has provided guiding factors in case of
CIT vs Siffharth j Desai.
Gujrat High court has provided guiding factors in case of
CIT vs Siffharth j Desai.
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