Rural agricultural land
This query is : Resolved
17 September 2014
Is INCOME FROM SALE OF RURAL AGRICUTURAL LAND IS TAXABLE UNDER THE HEAD OF LONG TERM CAPITAL GAIN & TOTAL INCOME ?
17 September 2014
Rural agri land is not capital asset hence no capital gains applicable.
17 September 2014
So, it means it is not taxable in any head under Income Tax ?
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