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 Threads
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
- Partnership Firm Closure Process
- Why the Costing Department Is Important ?
- Difference in efiling portal and intimation order
- Income tax challan correction
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
Related Threads
CAclubindia
