Transfer of agricultural land
This query is : Resolved
21 March 2012
A person has sold his agricultural land, the said land is situated within 5 km from Municipal limits. The land was used for agricultural activity. The population of municipality is above 20 lakhs. does this transaction is liable for capital gain.
Dintakurthi Tirumala
(Expert)
21 March 2012
Yes it is liable for Capital gain tax.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Mihir Doshi
(Expert)
21 March 2012
It is in the vicnity of Municipality.
It is liable for Capital gain Tax.
Thanks
Mihir Doshi
It is liable for Capital gain Tax.
Thanks
Mihir Doshi
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