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Capital gain tax on sell of parental land

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23 Points Posted on 08 January 2024
I want to sell my parental land wheather capital gain tax is applicable on it
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On 08 January 2024 at 12:16 Report
Replies (7)
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Accountant
1227 Points Posted on 08 January 2024
Is it urban land or rural land? is it agricultural land?
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On 08 January 2024 at 13:43
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23 Points Posted on 08 January 2024

Agriculture land 

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On 08 January 2024 at 16:47
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Accountant
1227 Points Posted on 09 January 2024
No tax if it is in rural area.
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On 09 January 2024 at 00:39
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23 Points Posted on 09 January 2024

If in municipal area then 

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On 09 January 2024 at 12:13
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Profession Business
28196 Points Posted on 15 January 2024
Location of the land
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On 15 January 2024 at 07:04
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Accountant
1227 Points Posted on 15 January 2024
Urban agricultural land is taxable.
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On 15 January 2024 at 15:25
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Profession Business
28196 Points Posted on 17 January 2024
Capital gain tax is there.
Long term or short term as the case may be.
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On 17 January 2024 at 12:34

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