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Query about calculation of capital gain

Sangeeta Mali (23 Points)

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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rahul borana (19 Points)
Replied 27 February 2021

From the municipality area of the assessee

Sangeeta Mali (23 Points)
Replied 27 February 2021

I don't understand will you plz clarify

rahul borana (19 Points)
Replied 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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Sangeeta Mali (23 Points)
Replied 27 February 2021

Thank you

rahul borana (19 Points)
Replied 27 February 2021

Your welcome

Sangeeta Mali (23 Points)
Replied 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

rahul borana (19 Points)
Replied 27 February 2021

I don't have any idea on that, probably you could ask in the income tax dept ...
Sorry for that !!

Kapadia Pravin (17249 Points)
Replied 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.

Sangeeta Mali (23 Points)
Replied 28 February 2021

As per my understanding municipal tax is not levied on agriculture land it is right?

anil jain (Partner) (1067 Points)
Replied 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.

Kapadia Pravin (17249 Points)
Replied 02 March 2021

May take help of Google Map

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