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Sale of agriculture land

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(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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 August 2014 if its agricultural land then no capital gainj shall arise as its not a capital asset
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CA UMESH DULAL

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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
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CA UMESH DULAL

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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
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seema sahu

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seema sahu (Querist)
05 August 2014 Thankyou very much sir to both of you
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 August 2014 you are welcome seema........................
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