Capitalgains

209 views 1 replies

Sold agricultural land (inherited before 1970) 

The land is within 8 kms of areial distance of Coimbatore, It has been under cultivation

Should any tax on capital gains be paid, If so kindly let me know how to arrive the tax amount

Thanking you

Periasamy Rajeswaran

rajeswaranper @ gmail.com

9442235649

 

Replies (1)
yes, since it's within the limits specified from the municipality or corporation. however such municipality or corporation should've been notified by Central government for this purpose.

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