Agricultural land sold
This query is : Resolved
23 July 2016
Dear Sir,
My one client has received agricultural land in inheritance in 1970. As on today this agricultural land is sold by him Rs. 1.02 Crore. Agricultural Land is situated in rural area. So can you tell me on sale of this agricultural land capital gain tax is applicable or not? 1% TDS is required to deduct or not?
Please reply as early as possible.
My one client has received agricultural land in inheritance in 1970. As on today this agricultural land is sold by him Rs. 1.02 Crore. Agricultural Land is situated in rural area. So can you tell me on sale of this agricultural land capital gain tax is applicable or not? 1% TDS is required to deduct or not?
Please reply as early as possible.
23 July 2016
you may check reply given at following link, if it covers your problem :-
https://www.caclubindia.com/experts/sale-of-rural-agricultural-land-2350284.asp
https://www.caclubindia.com/experts/sale-of-rural-agricultural-land-2350284.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Darpan registration
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
