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Capital gain tax

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21 Points Posted on 03 January 2019

I am selling my share in the joint agricultural property inherited from parents, having 4 more heirs.what is the capital gains tax I am liable to pay,if property is in village Panchayat area.








































liable to pay, property is in village Panchayat area.

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On 03 January 2019 at 20:11 Report
Replies (8)
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student
600 Points Posted on 03 January 2019
it depends on the population of that area ... ti qualify for capital assets.. you may refer section 2(14) for further clarification.
1 Reply
On 03 January 2019 at 21:47
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Chartered Accountant
2195 Points Posted on 03 January 2019
As per Act its not taxable. So no CG
1 Reply
On 03 January 2019 at 21:51
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GREAT POLITICAL LEADER
378 Points Posted on 03 January 2019
No capital gain tax based on the given information
2 Reply
On 03 January 2019 at 23:23
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Student
79 Points Posted on 04 January 2019
capital gain onagricultural land in urban area is exempt
2 Reply
On 04 January 2019 at 00:41
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9 Points Posted on 04 January 2019
no capital gain on agriculture land situated in rural area
1 Reply
On 04 January 2019 at 01:17
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Student
79 Points Posted on 04 January 2019
sorry it is rural area instead of urban area
1 Reply
On 04 January 2019 at 01:19
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Nil
2791 Points Posted on 04 January 2019

No liability  ( Sale of agricultural land in Rural area is fully exempted )

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On 04 January 2019 at 16:47
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Self Employed and Agriculture
1349 Points Posted on 05 January 2019

Please check the criteria of cultivation for past 2 years

1 Reply
On 05 January 2019 at 12:41


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