Sale of agircultural land


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Querist : Anonymous

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Querist : Anonymous (Querist)
25 March 2015 Dear Sir

I have an issue with regards to sale of Agircultural land.

Our land is in Kerala in a small village with a population of about 13000 as per recent census.

The Municipal office is about 8-9 Kms

If we sell this land is there tax payable under capital gains?

Please reply anyone

25 March 2015 If agriculture land is within 2kms from muncipal limits then capital gain tax will be applicable.
See where the muncipal limit is ending

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2015 The Municipal office is about 8 KMS from our land. I can assume its not taxable in that case?


26 March 2015 check out with govt records whether it is within 8 kms or not

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2015 We have verified that, also confirmed by local talati.



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