Agriculture land purchase

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19 Points Posted on 17 September 2022
ready reckonar cost is 50 lac and pu purchase rate is 30 lakh. then how much tax pay in this condition to buyer and sailor.
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On 17 September 2022 at 19:50 Report
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Quick Summary
This discussion clarifies the tax implications when purchasing agricultural land. It highlights that rural agricultural land is generally not subject to capital gains tax. The primary costs for the buyer will be stamp duty and registration charges, rather than income or capital gains tax.

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CFO- at NHTF
58280 Points Posted on 17 September 2022
How much is the sale consideration?
5 Reply
On 17 September 2022 at 22:34
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19 Points Posted on 17 September 2022
Seller sell in 30 lakh
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On 17 September 2022 at 23:54
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CFO- at NHTF
58280 Points Posted on 18 September 2022
What is the date of purchase and date of sale ?
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On 18 September 2022 at 00:09
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19 Points Posted on 18 September 2022
Purchase karna hai
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On 18 September 2022 at 17:03
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CFO- at NHTF
58280 Points Posted on 18 September 2022
Are you talking about Tds on purchase of property or capital gain on sale ?
5 Reply
On 18 September 2022 at 17:43
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19 Points Posted on 18 September 2022
Capital gain and all taxes
land in rural area.
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On 18 September 2022 at 18:32
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CFO- at NHTF
58280 Points Posted on 18 September 2022
Are you seller or buyer?

Rural Agriculture land is not liable for capital gain
2 Reply
On 18 September 2022 at 18:38
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19 Points Posted on 18 September 2022
Seller
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On 18 September 2022 at 18:39
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CFO- at NHTF
58280 Points Posted on 18 September 2022
It's not liable for any tax and you just need to pay stamp duty and other registration charges
2 Reply
On 18 September 2022 at 19:21
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19 Points Posted on 18 September 2022
Ok thank u very much sir.
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On 18 September 2022 at 21:22
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CFO- at NHTF
58280 Points Posted on 18 September 2022
👍🏻👍🏻
1 Reply
On 18 September 2022 at 21:23

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