banner_ad

capital gain

Others 245 views 3 replies
User Avatar

pro badge

student
255 Points Posted on 01 January 2019
is compensation received for compulsory acquisition of agriculture land taxable as a capital gain
0 Reply Share Follow
On 01 January 2019 at 20:25 Report
Replies (3)
User Avatar

Article
1276 Points Posted on 01 January 2019
Nope, exempt u/s 10(37) if urban agricultural land.
And rural agricultural land not considered as capital asset u/s 2(14) so no CG in any case.
1 Reply
On 01 January 2019 at 21:34
User Avatar

Article
111 Points Posted on 01 January 2019
1-If your land is rural agricultural land,no capital gains because such land is not a capital assest
2-If your land is urban agricultural land, your capital gain is exempt under sec 10(37).For this exemption there are some conditions to avail such benefit.
Reply
On 01 January 2019 at 21:37
User Avatar

181 Points Posted on 01 January 2019
if urban agri land is compulsary acquired then income is exempt. but if sale of urban agri land then it is tacable as capital gain.
Reply
On 01 January 2019 at 23:31


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details