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Rural agriculture land

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(Querist)
01 June 2016 sale of rural agriculture land is exempt under which section??
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CA Rohit Jain

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CA Rohit Jain (Expert)
02 June 2016 rural agricultural land is not a capital asset as per section 2(14) Hence no question of capital gain tax arises on its transfer
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Rupesh Jain

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Rupesh Jain (Expert)
02 June 2016 Section 10(37) WILL EXEMPT THE GAIN
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Rohin singh

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Rohin singh (Querist)
04 June 2016 thnxxxx allll for replying.,.,.,
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