a person sales and purchase transactions 5 different agriculture lands rural area one financial.
question:
assess business income or capital gains tax applicable treatment in it act
Rural agricultural land is not a capital asset and hence no tax on capital gain.
Not sure if we can tax this under PGBP.
SMJ global advisors pvt ltd
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Shaswat initial support private limited
Ahmedabad
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Shyam Joshi & Associates
Pune
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CAclubindia
