Short term Capital Gain on agriculture land
598_Mihir Shah (12 Points)
13 October 2021
is short term capital Gain on agriculture land sale is taxable or some exemption is there
598_Mihir Shah (12 Points)
13 October 2021
ajeet singh
(1392 Points)
Replied 13 October 2021
sabyasachi mukherjee
(26047 Points)
Replied 14 October 2021
598_Mihir Shah
(12 Points)
Replied 14 October 2021
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2010 Points)
Replied 14 October 2021
All the rural agriculture lands are outside the preview of capital assets as per section 2 (14) IT act
hence if your land is situationed in urban area . than it is taxable.
in my view all the land situtaion in NCR is urban agriculature land.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
