CA Day celebration 2024 Easy Office
LCI Learning

Agriculture land sale

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 April 2018 my friend bought Agriculture land in 1996 and 1999 and sold in f.y.2010.is there any tax liabilty or Agriculture land is tax free
Profile Image

Anmol Davesar

Profile Image

Anmol Davesar (Expert)
30 April 2018 Agricultural land in Rural Area in India is not considered a capital asset. Therefore any gains from its sale are not taxable under the head Capital Gains

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links