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Sale of Pacca house with agriculture land.

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1 Points Posted on 05 September 2019
I sold my agriculture land in F.Y 18-19 which is outside NAC and my Pacca house built on it. I used the house for residential purpose. Will I have to pay any capital gain tax?
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On 05 September 2019 at 16:56 Report
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SEO Sai Gr. Hosp.
211624 Points Posted on 05 September 2019

Depends upon the deed of transfer. If the valuation of the house property marked separately, CG liability will arise.

581 Reply
On 05 September 2019 at 18:23
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17264 Points Posted on 05 September 2019
Agricultural land cannot be used for residential purposes. You cannot construct a house on agricultural land to live in, although the land may be owned by you

To mention pacca house in the agreement will have impact on Agri Land status
101 Reply
On 05 September 2019 at 18:34


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