Capital gains - rural agri land

The agricultural land which is not situated with in 8 kms from the local limit of any municpality or corporation and situated in a town or village which is having population of 10000 or less according to latest senses  Is called rural agricultural land.

OM SAI SRI SAI JAI JAI SAI

And capital gain on such land is exempted to tax.   Please write any more clarification regarding this.

OM SAI SRI SAI JAI JAI SAI

Thanks for the immediate reply.

Incase the Agricultural Land is situated outside 8kms from municipality or Corporation but population is not less than 10000. Then, Is it a Rural Agri Land or not?

Regards

Balaji.C

in such case not a urban land.

OM SAI SRI SAI JAI JAI SAI

Can you pls explain your statement? I am a bit confused mate.

I replied to your expert query with the section defination please read and ask me if you have any doubt furthure.

OM SAI SRI SAI JAI JAI SAI

Please see the Expert Query mate.

I thank you for the Prompt and Immediate reply...