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Capital gain liability

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(Querist)
30 October 2010 The assessee sold his ancestrial agricultural land after conversion of land use & land development from agriculture to residential purpose.in that case can assessee claim exemption on sale of agriculture land or the tax liability.

sold during the year 2009-10

acqtuired by way of ancestrial land

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NITIN SHARMA

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NITIN SHARMA (Expert)
08 November 2010 NO HE CAN'T TAKE THAT BENEFIT.

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