Long term capital gains

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014 sir, i have little ancestral agricultural land almost hundred yrs old. As per tehsil records , its semi urban village, with elected pradhan in it. though nagar nigam and development authority has included some villages including my village. but we pay agriculture tax. so if i sell it what will be tax position

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 June 2014 first u confirm in govt records whether its argicultural land or not if yes then no capital gain is applicable....

Rupesh Jain

Rupesh Jain (Expert)
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20 June 2014 if it agriculture land then no tax other wise you have to pay capital gain tax 20%+3% cess.

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