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Sale of agricultutal land taxation

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(Querist)
01 July 2020 Assessee purchased agricultural land of 1 acre in 2018 and sold in 2019 for 40 purchasers in small guntas agri land is in rural area. Explain the taxability of income on sale of agricultutal land
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c.bakshi

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c.bakshi (Expert)
02 July 2020 SHORT TERM CAPITAL GAIN IS APPLICABLE
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swetha

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swetha (Querist)
02 July 2020 Sir could u explain the rate of tax and exemption that can b claimed for shortterm capital gain




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