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Tax exemption

198 views 2 replies

Hi, 

If land is sold will there be any tax levied?

I am not able to find if LTCG is applicable on sale of agricultural land inside a municipality and what is the maximum amount after which tax is applicable. Please help.

 

Thanks and regards 

Ganesh 

Replies (2)
yes , capital gain tax based on holding period either ltcg or stcg will be attracted

I am not able to find if LTCG is applicable on sale of agricultural land inside a municipality and what is the maximum amount after which tax is applicable. Please help.


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