Capital Gain on sales of Urban land Capital Assets

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

Replies (3)
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.

No.

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

Agricultural land has different issues.

Thanks to Rambhia ji and Mukherjee ji

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