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long term capital gain
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 ?
Replies (3)
If its rural agricultural land then no capital gain tax over its transfer.
If not rural agri land then will have to take exemption under 54F, 54ec, 54ee
Not taxable if within specified boundaries of rural area.
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