Short capital gains on trading of agriculture land

seprately u need to pay short term capital gain tax under the income from capital gains. and in final it will be cumulated after calculating payment of taxes from all sources.

What is % of short term Capital Gains Tax and whether I can pay at the end of the year or immediately on completion of transaction.

There is no fixed % tax for Short term capital gain.

Is that covered under 10%, 20% & 30%. My other income is Rs. 455688/- which is coming under 10% slab. So, short term capital gains will come under 20% & 30% as per slab.

Dear You have to pay tax @ 20% of the short term you earned, the same is fixed as per section 111A  of the income tax act,1961

capital gain on agricultural land attact tax as per the slab rate of tax payer.

Further some exemptions are as follows:

As per sec 54B of Income Tax Act,1961

Any Capital gain arises to an individual for transfer of agricultural land which is held for 2 years by assesse or his parents..!!!!!!!!!!

That capital gain can exempted if is invested in another Agricultural Land with in time limit ..!!!!

This section is applicable to only for individual...!!!!!!!!!!!

so in your case, you can not claim exemption,,,,,as per sec 54B...!!!!!!!!!!

But we can claim exemption as per sec 54EC

For more details refer below

https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=5a1aac72-fbfb-4645-a4be-e48e8c0cb56c&rdb=sec&yr=e5be6bdb-1fc4-42d6-ac7b-34a44fd65485&sec=54B&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

sir i purchased an agri land for 4 lakhs on 20/08/2010.now  i am going to sell it  for 88 lakhs as agri land by april 2012.please guide me how can i get exemption from capital gains in this case.

thank u