Sale of agriculture land in rural area
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2016
I have gains on sale of agriculture land situated in rural area as per section 2(14) of Income tax act, 1961. This land was purchased 1 year before the sale whether the gains would be exempt under Income tax Act, 1961??
23 June 2016
it is exempt u/s 10(37).................
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- CSR Impact Assessment
- Sale of Gold ornaments
- Conversion of Pvt Ltd Company to a LLP
- SECTION 194T
- Accounting Policies changes
- GST ON FOREIGN CLIENT
- Can we issue an invoice today
- Forgot to update debit note in gst
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
