Sale of Urban Agriculture land, 54B Exemption
This query is : Resolved
03 April 2025
Hello, I sold Urban Agriculture land on 1st April, 2025 capital gain arises of Rs 45 Lakhs and I want to purchase new agriculture property new agricultural land which Govt. value i.e stamp value is Rs 25 Lakhs & Purchase consideration is Rs 48 Lakhs so can I claim Rs 45 Lakhs as exemption or not. Please explain. Also, tell any reference of provision/rule for the same.
03 April 2025
Yes eligible...
The amount of exemption provided under section 54B shall be lower of-
The amount of Capital Gain arising on transfer or
The cost of new agricultural land including the amount deposited in the Capital Gain Account Scheme.
For details refer::
https://taxguru.in/income-tax/section-54b-exemption-capital-gains-transfer-agricultural-land.html
The amount of exemption provided under section 54B shall be lower of-
The amount of Capital Gain arising on transfer or
The cost of new agricultural land including the amount deposited in the Capital Gain Account Scheme.
For details refer::
https://taxguru.in/income-tax/section-54b-exemption-capital-gains-transfer-agricultural-land.html
Message likes :
1 times
11 April 2025
Thanks sir for help.
11 April 2025
You are welcome.
29 September 2025
Good luck..
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
- Regarding Appointment of auditor in case of casual vacancy
- GST- DRC 03 RCM Liability
- Query on managerial remuneration u/s 197 of CA 2013
- Validity of form 15 G and 15 H on Interest on fixed deposit
- Conversion of Proprietorship Firm to Partnership Firm
- Updated return filing
- GSTR 1- Amend Credit Note
- Supply to unit situated in SEZ
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- TDS AFTER SUBMISSION OF 15G OR H
- Need word format of dissolution of Partnership firm
- GST filling wrong details entered - Amendmend
- Threshold limit of under GST for insurance agent
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
