capital gains
This query is : Resolved
28 June 2011
pls tell me if i buy agriculture land which is 8 kms away from population of 10000 and sell in 6 to 12 months and do not invest any where is it taxable
28 June 2011
you mean urban agriculutre land . It is covered under the definition of Capital Asset.
Any sale of capital asset during the previous year , it is subject to Capital gains.
Any sale of capital asset during the previous year , it is subject to Capital gains.
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