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Land selling


moorthy raju (STUDENT)     22 May 2017

moorthy raju
STUDENT 
 46 points

| My Other Post

for agri land selling what are the tax applicable ?

avater

CA Rashmi Gandhi (banswara)     22 May 2017

CA Rashmi Gandhi
banswara 
 4143 likes  52783 points

View Profile | My Other Post

If rural agriculture land is sold out then there is no tax implication.

In case of urban agriculture land tax @ 20% imposed on your sales consideration less indexed cost of acqisition & transfer exp.

Taxability is at normal slab rate if land is hold for less than 2 years.

avater

moorthy raju (STUDENT)     22 May 2017

moorthy raju
STUDENT 
 46 points

View Profile | My Other Post

@ Rashmi Gandhi  : Thanks 

 


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