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B GKAMATAR (TAX CONSULTANT)     24 September 2021

Capital gains exempt

our place is one village and population is 9000.our agriculture land distance from OUR place is more than 3 kilometres.it is exempt from capital gain.please reply sir.


 3 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     24 September 2021

Check its aerial distance from any cantonment zone i.e from a any municipality, municipal corporation, notified area committee, town area committee, town committee for its rural status.

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B GKAMATAR

B GKAMATAR (TAX CONSULTANT)     24 September 2021

Gram panchayat area
Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     24 September 2021

Roughly, it can be said that if the land is more than 8 km away from any town or municipal zone, it will be treated as Rural Agricultural land.


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