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Sale of agriculture land in rural area

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Querist : Anonymous

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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??
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Rupesh Jain

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Rupesh Jain (Expert)
23 June 2016 it is exempt u/s 10(37).................

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