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Query about calculation of capital gain

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23 Points Posted on 27 February 2021
I want to know that while determining urban areas for the purpose of finding capital gain on sale of agriculture land which mucipality limits are checked? city wise or district wise?
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On 27 February 2021 at 22:28 Report
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19 Points Posted on 27 February 2021
From the municipality area of the assessee
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On 27 February 2021 at 22:37
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23 Points Posted on 27 February 2021
I don't understand will you plz clarify
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On 27 February 2021 at 22:41
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19 Points Posted on 27 February 2021
Agricultural land in India, not being land situate—
[a] in any area which is comprised within the jurisdiction of a municipality [whether known as a municipality, municipal corporation, notified area committee, town area committee, town committee, or by any other name] or a cantonment board
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On 27 February 2021 at 22:45
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23 Points Posted on 27 February 2021
Thank you
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On 27 February 2021 at 22:47
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19 Points Posted on 27 February 2021
Your welcome
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On 27 February 2021 at 22:48
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23 Points Posted on 27 February 2021
And also plz tell that from where we can know that our agriculture land is under urban area or rural areas? means which department provide information
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On 27 February 2021 at 22:49
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19 Points Posted on 27 February 2021
I don't have any idea on that, probably you could ask in the income tax dept ...
Sorry for that !!
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On 27 February 2021 at 23:11
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17264 Points Posted on 28 February 2021

If agri land is within municipal limits, then you must be paying muni tax if any.  Otherwise it's outside municipal limits.

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On 28 February 2021 at 15:03
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23 Points Posted on 28 February 2021
As per my understanding municipal tax is not levied on agriculture land it is right?
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On 28 February 2021 at 15:09
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1072 Points Posted on 02 March 2021

You can take help of "Patwari" of that village to ascertain the distance from municipal area.

But take the distance from nearest Municipal area.

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On 02 March 2021 at 12:56
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17264 Points Posted on 02 March 2021

May take help of Google Map 

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On 02 March 2021 at 13:01


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