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
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Tax exemption
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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