Capital gain tax on sell of parental land

08 January 2024

I want to sell my parental land wheather capital gain tax is applicable on it

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7 Replies

Sharath chandra (Accountant) (1227 Points)
Replied 08 January 2024

Is it urban land or rural land? is it agricultural land?

Sanjay Sinha (23 Points)
Replied 08 January 2024

Agriculture land

Sharath chandra (Accountant) (1227 Points)
Replied 09 January 2024

No tax if it is in rural area.

Sanjay Sinha (23 Points)
Replied 09 January 2024

If in municipal area then

sabyasachi mukherjee (27781 Points)
Replied 15 January 2024

Location of the land

Sharath chandra (Accountant) (1227 Points)
Replied 15 January 2024

Urban agricultural land is taxable.

sabyasachi mukherjee (27781 Points)
Replied 17 January 2024

Capital gain tax is there.
Long term or short term as the case may be.

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