Menu
Land selling
for agri land selling what are the tax applicable ?
Replies (2)
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.
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.
@ Rashmi Gandhi : Thanks
Recent Topics :
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
Related Topics :
CAclubindia
