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Agriculture land sale

Jitendra Sahu   28 November 2020

Jitendra Sahu

 9 points

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capital gain treatment against sale on agriculture land


ayusmita (Tax consultant)     28 November 2020

Tax consultant 
 364 likes  5454 points

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As per incometax act section 2 sub section 14 the terms capital asset is not included in agriculture land in india

Vidit Seth

Vidit Seth (Practicing CA)     28 November 2020

Vidit Seth
Practicing CA 
 2 likes  76 points

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There is a specific definition of Rural Agriculture Land in section 2(14)(a) and (b) if you are covered under it the land might be Urban Agricultural Land and taxable.

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