Tax on agricultural land

This query is : Resolved 
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(Querist)
03 January 2014 Short term sale of agricultural land attracts any Income Tax
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 January 2014 No tax on sale of agricultural land as its not capital asset as per definition of capital asset.
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