Menu
Ancestors property
With due respect I want to know from your authority that I am in possession of ancestors agriculture land and this agriculture land comes under the municipality area .sir I want to know can I am liable to pay the capital gain on sale of my ancestors agriculture land Thanks
Replies (2)
Quick Summary
Pl reffer sec 2(14) of income tax act for tax on agriculture land municipal area limits
if it fits under above definition then taxable in your hands
if it fits under above definition then taxable in your hands
Urban or rural area within the municipal limits.
Recent Topics :
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
Related Topics :
CAclubindia
