gain tax
Kamal Singh (1 Points)
17 November 2018Kamal Singh (1 Points)
17 November 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 17 November 2018
In order to claim exemption under section 54B, the urban agricultural land must have been used by the individual or by the parents of the individual for agricultural purpose for the period of at least 2 years prior to the date of transfer.
So, you are required to proove the land being cultivated, by khasra record, no alternative.
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