Acquisition of agriculture land by government
This query is : Resolved
20 November 2018
Hello,
Ancestor agricultural land is acquired by government and money is received by children. So, as it is agricultural land still we have to calculate capital gain on it or it will be exempted income as it is sale of agricultural land.
please revert urgently.
Ancestor agricultural land is acquired by government and money is received by children. So, as it is agricultural land still we have to calculate capital gain on it or it will be exempted income as it is sale of agricultural land.
please revert urgently.
20 November 2018
it will be exempt from any taxation.
20 November 2018
which means I don't have to keep the money in government Bond's for 3 years as well. Right
20 November 2018
no, you dont have to.....
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