Capital Gain on sales of Urban land Capital Assets

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others
126 Points Posted on 08 February 2022

whether exemption u/s 54B (by purchasing an agricultural land) would be available in capital gain arising from sale of Urban Land(not Agricultural land) means Plot sale. 

Pl hlep

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On 08 February 2022 at 17:56 Report
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Quick Summary
This discussion clarifies capital gains tax implications when selling urban land that is not agricultural. It explains that exemptions under Section 54B, which typically apply to agricultural land sales, are not available in this scenario. Instead, relief may be sought through Sections 54F and/or 54EC of the Income Tax Act.

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SEO Sai Gr. Hosp.
212556 Points Posted on 08 February 2022

No.

Only u/s. 54F &/or sec. 54EC of the act...

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On 08 February 2022 at 18:44
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Profession
28271 Points Posted on 09 February 2022
Agricultural land has different issues.
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On 09 February 2022 at 09:16
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others
126 Points Posted on 09 February 2022

Thanks to Rambhia ji and Mukherjee ji

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On 09 February 2022 at 11:00

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