Capital Gain

Respected Sir ,

 

Please tell  me about capital gain income related income of sale of ruler area property  

1-  i am sale our property Rs 4700000.00 as per gov considaration value  but i am received actual consideration  Value rs 3600000.00 as per sale to our  agriculture land 

2- Sir , Mera Agriculture land jo ki Ruler area se jura hai

3- mere land se nagarpalika ki duri 2 KM ki hai aur hamare ruler area ki population 10000 se kam hai . aur nagar palika ki population 100000 ke undar hai,

4-  To is condition main  mujhe apani agriculture income ko  income tax return form - 3 ke capital gain ke kis exempted  Colum  main dalege 

Replies (1)
Hi,
If the asset your sold is a rural agriculture land, then it is not regarded as capital asset, so on sale of that land no capital gain arises.

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