Sale of agriculture land
This query is : Resolved
seema sahu
(Querist)
05 August 2014
Dear Sir/madam
If any agriculture land is sold during this financial year 2014-15,what are the taxation affects it will attract in every head of income and kindly suggest for TDS,self-assessment and advance tax too.
If any agriculture land is sold during this financial year 2014-15,what are the taxation affects it will attract in every head of income and kindly suggest for TDS,self-assessment and advance tax too.
05 August 2014
if its agricultural land then no capital gainj shall arise as its not a capital asset
CA UMESH DULAL
(Expert)
05 August 2014
you have to check whether this is rural ag land or urban ag land. If it is rural ag land- no capital gain. If it is not rural ag land, its tax ability depends on certain conditions. So clarify whether it is rural or not rural ag land
CA UMESH DULAL
(Expert)
05 August 2014
you have to check whether this is rural ag land or urban ag land. If it is rural ag land- no capital gain. If it is not rural ag land, its tax ability depends on certain conditions. So clarify whether it is rural or not rural ag land
seema sahu
(Querist)
05 August 2014
Thankyou very much sir to both of you
05 August 2014
you are welcome seema........................
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
