banner_ad

Village property sale

403 views 6 replies
one property sold out situated in village as agriculture land which was inherited by assessees. Sale deed of this property is not available as same was purchase by their forefather. property was sold out on December 2023 and sale receipts was receive in their bank accounts.hiw can I deal with for tax purpose.
Replies (6)
Ok but seems so obvious

Check if it is Rural agricultural land by measuring areal distance from nearby city/town. If so, there will be no tax liability over it.

Agricultural land in rural area if sold not subject to long term Capital gain tax.
Ok sir thanks all of you for your guidance.

You are welcome...                  

It's rural agricultural land


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details