Rural agri land

Sec 2(14) of income tax act 1961 capital asset means any property held by assessee whether connected with business or profession or not but exclude
1.stock in trade
2.rural agriculture land
3.specified govt bonds and
4.movable personal asset other than jewelleries, painting, drawing, work of art, scalptunes, archeological collection
So rural agriculture land not consider as capital asset hence exempted from capital gain