Agricultural land sale

Hi Mr. Rohit,

There is no capial gain tax in case of sale of Rural agriculture land because agriculture land is not a capital asset as per section-2.

You have to deposit the unspent sale consideration in capital gain scheme.

You can get the check the difference between rural or urban land from below link:

/experts/-agricultural-land-rural-or-not--213563.asp#.UoNFWOKfZAo

sale of agriculture land is not taxable. So no need of investment

respected sir,

Is that positive decision , if the clint invested money on bank fdr , only just for saving money ?

if he sold the rural agricultural land ?

and , the clint not liable to pay any type of tax ?

Location of this agricultural land is important, whether it is near a territory of municipality.

the land should be away from 8 km periphery of municipal limits

Agree with above replies,

Agricultural Land isn't a Capital Asset,

Hence, No Capital Gain on Sale of such land...

However, such agriculture land must same as defined under the IT act...

Agriculture is the only field full of scope, student should make their career in agriculture field, and country should also need lot of experiments in this field.

https://www.modiforpm.org/