long term capital gain

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85 Points Joined June 2017
i bought an agricultural land on 1998 for 1ooooo which is sold in current financial year for 2o lacs.wat are tax consequence for fy 18-19 ?is there any scope of saving tax ?
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On 04 April 2019 at 09:49 Report
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student
348 Points Joined January 2019

If its rural agricultural land then no capital gain tax over its transfer.

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On 04 April 2019 at 10:00
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344 Points Joined May 2017
If not rural agri land then will have to take exemption under 54F, 54ec, 54ee
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On 06 April 2019 at 23:16
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owner
299 Points Joined February 2019

Not taxable if within specified boundaries of rural area.

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On 07 April 2019 at 08:05


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