one agriculturist purchased harvester for his agriculture use, after 3 years he sold, for this , cheques were received and the department issued notice transaction exeed limit, my point is is it taxed as capital gain tax, if it is treated as agrirelated equipment, no tax on this . please clarify elobrately
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Agriculture harvester which is used for agri purposes
Replies (1)
no capital gain on sale of agricultural land on the basis of cartain rules not for any thing use for doing farming
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