Menu
capital gains
my father age about 76yrs. sold his paternal agriculture property for about 10 lacs in Nov.2016. Is there any income tax liability on him ? If yes, how can he save this?
Replies (7)
the land is rural agricultural land or urban...??
rural agriculture land sir
then it is exempt
thanks sir
Tax on Sale of Agricultural Land & Section 54B Exemption
Agricultural Land is a land on which agricultural activities are carried out. This article focuses on the tax which would be levied on the capital gains arising on the sale of agricultural land in India.
An agricultural land may either be situated in a rural area or situated in a Non Rural area. The tax implication will differ in both the cases.
Agricultural Land is a land on which agricultural activities are carried out. This article focuses on the tax which would be levied on the capital gains arising on the sale of agricultural land in India.
An agricultural land may either be situated in a rural area or situated in a Non Rural area. The tax implication will differ in both the cases.
exemption under which section?
I couldn't find the section 54B.
Where my father will show that amount filing ITR for AY2017-2018 ?
I couldn't find the section 54B.
Where my father will show that amount filing ITR for AY2017-2018 ?
where to show the income from sale of rural agriculture land exemption and in which section , filing ITR?
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
