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Capital gain tax on sell of parental land
I want to sell my parental land wheather capital gain tax is applicable on it
Replies (7)
Is it urban land or rural land? is it agricultural land?
Agriculture land
No tax if it is in rural area.
If in municipal area then
Location of the land
Urban agricultural land is taxable.
Capital gain tax is there.
Long term or short term as the case may be.
Long term or short term as the case may be.
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