Sale of agriculture land
This query is : Resolved
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
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
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
05 August 2014
Thankyou very much sir to both of you
05 August 2014
you are welcome seema........................
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