Sale of agricultural land by a company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2013
A land is purchased by a company in the rural area and is sold within same financial year. is capital gain applicable? If applicable what are the ways to avail exemption or reduce tax liability......
Dintakurthi Tirumala
(Expert)
13 March 2013
Gain on sale of rural agricultural land is exempted to tax. If the land sold by you satisfied all the conditions of rural agricultural land then capital gain tax not applicable.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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