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Capital gains tax

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(Querist)
08 March 2010 Dear all
I have sold a agricultural land, which is bought 2 years earlier. It is situated 2 kms beyond GHMC limits. Is there any capital gain tax to be paid.
Thanks all.
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CA PRIKSHIT GUPTA

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CA PRIKSHIT GUPTA (Expert)
08 March 2010 capital gain on sale of agriculture land is tax free. so no tax will be arise

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