Capital gain
This query is : Resolved
03 July 2012
sir,please guide me,suppose i have sold agriculture land (i am farmer) around Rs.4 crore, then what i am liable for tax liabilities as LTCG?
My second problems,i have no PAN.Then what?
My second problems,i have no PAN.Then what?
03 July 2012
If the agricultural land is situated in a rural area, then capital gain is exempt.
Otherwise, capital gain shall arise and you will have to pay tax on it.
If you do not have a PAN, apply for the same.
Otherwise, capital gain shall arise and you will have to pay tax on it.
If you do not have a PAN, apply for the same.
03 July 2012
It depends upon where your agricultural land is situated. If the land is situated in the specified area then you will have to pay LTCG. Please see the definition of capital asset in in section 2(14)(iii)(a&b).
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
