Ltcg
This query is : Resolved
Ramprasad G Shetty
(Querist)
13 May 2014
Whether tree's situated in a agricultural land is treated as agricultural land for the purpose of Capital gain calculation, when these are compulsorily acquired by the NHAI.
Nikhil Kaushik
(Expert)
13 May 2014
tree situated on any land are never considered as land..if you are doing agriculture activity on the land, it is agriculture land. else it is not.
Ramprasad G Shetty
(Querist)
14 May 2014
1.What is meant by agricultural activity?
2.Is cultivation of Palm oil trees & coconut trees is treated as agricultural activity or not,
3.How to treat compensation received for these trees for LTCG purpose
2.Is cultivation of Palm oil trees & coconut trees is treated as agricultural activity or not,
3.How to treat compensation received for these trees for LTCG purpose
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