CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Profit on sale of agricultural land


Prakash Rao   09 December 2019

Prakash Rao

 4 likes  219 points

| My Other Post

Pl let me know treatment of sale of agricultural land to avoid income tax

avater

BE YOURSELF BELIVE YOURSELF   09 December 2019

BE YOURSELF BELIVE YOURSELF

 20 points

View Profile | My Other Post

What is the type of agriculture land. whether rural or urban??

avater

Prakash Rao   09 December 2019

Prakash Rao

 4 likes  219 points

View Profile | My Other Post

Rural /urban Pl let me know the treatment

avater

Kapadia Pravin   10 December 2019

Kapadia Pravin

 920 likes  14308 points

View Profile | My Other Post

No tax on sale of Rural Agri Land.
Taxable as capital gain if non-rural (urban)

avater

Rajan Kumar   10 December 2019

Rajan Kumar

 4 likes  55 points

View Profile | My Other Post

Urban,
- where population of the local authority (LA) or cantonment board is more than10 lacs in such case urban land is considered within the limit of 8km from LA.
- Where population of LA 1,00,001 to 10,00,000 than urban land consider within 6 km from LA.
- Where population is less than 1,00,000 than urban land is considered within 2 km from LA.

avater

sanjith kotni (Articled assistant)     12 December 2019

sanjith kotni
Articled assistant 
 43 likes  658 points

View Profile | My Other Post

If it is long term capital asset (Urban Agri land),you can claim 54F exemption


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  




Popular Discussion


view more »



Trending Tags
GST Live Class    |    x