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Agricultural land

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(Querist)
17 December 2015 If I sold agricultural land in rural area , is the capital gain is taxable if I have not done cultivation for last 2 year?
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CA RAKESH KUMAR THAKUR

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CA RAKESH KUMAR THAKUR (Expert)
18 December 2015 no, that is not a capital assets if it is rural land, no capital Gain tax is leviable

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