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Accountant
647 Points Posted on 27 July 2023
Sir I have sold the Agriculture land situated from the the distance 16 km from the municipality for Rs 80 Lac and this amount has been used to return bank loan taken by me.Sir I want to know that can I falls under income tax capital gain Thanks
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On 27 July 2023 at 14:01 Report
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SEO Sai Gr. Hosp.
211711 Points Posted on 27 July 2023

No. Not being capital assets, it will not attract capital gain tax.

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On 27 July 2023 at 15:12


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