Short term gain
This query is : Resolved
Guest
Guest
(Querist)
27 July 2012
SHORT TERM CAPITAL GAIN ON SALE OF AGRICULTURE LAND IS EXEMPT BEING AGRICULTURE LAND OR TAXABLE. THE LAND IS BEYOND 8 KMS FROM GRAMPANCHAYAT & POULATION IS ALSO BELOW TEN THOUSHAND PLEASE EXPLAIN
27 July 2012
since it is NOT a CAPITAL ASSET, there arises no question of calculating short or long term.
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