Gain on sale of rural agricultural land

177 views
User Avatar

1359 Points Posted on 21 May 2023
what is the tax treatment of gain arising from. sale of rural agricultural land??
0 Reply Share Follow
On 21 May 2023 at 14:57 Report
Replies (2)
Quick Summary
This discussion clarifies the tax treatment for gains made from selling rural agricultural land. Unlike urban agricultural land, proceeds from the sale of rural agricultural land are generally not subject to tax.

User Avatar

Profession
28252 Points Posted on 21 May 2023
Urban and rural has different aspects

urban agricultural land is taxable
rural is nor.
Reply
On 21 May 2023 at 23:05
User Avatar

Chartered Accountant
29 Points Posted on 25 May 2023

Sale proceeds from Rural agriculture land is not taxable.

Reply
On 25 May 2023 at 16:13

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Self assessment tax paid not reflected in ITR2 fil
  2. Tax on nps corpus
  3. Tired converting GSTR-1, 2B & 3B to Clean Exce
  4. TDS on under construction property not deducted
  5. GST on Fixed Assets
  6. GST ITC april 22
  7. GST PAYMENT REGARDING
  8. GST Consultation Required – June–Augus
  9. TDS Code for Salary Payment to Non-Resident Intern
  10. TDS on property

More recent discussions | Post

Related Topics :

Loading