07 November 2011
I purchased an agricultural land than convert it to Non-Agriculture and sold to third party, what will be the tax consequences? can i enjoy tax exemption benefit for the sale of Agriculture land?
07 November 2011
oNCE U GET THE LAND CONVERTED INTO NON AG LAND THEN GAIN ARISING ON ITS SALE WILL B CHARGEABLE TO CG TAX IN INDIA U CAN CLAIM EX UNDER S 54F/54EC IF U SATISFY CONDITIONS SP THEREIN CA MANOJ GUPTA JODHPUR 09828510543
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