24 November 2013
I want to Purchase Agriculture land and after few month or say in next f.y. want to Sales existing (Other than Bought)agriculture land
can i get any exemption in capital gain tax ? land is in urban area
24 November 2013
In your case, you are purchasing first and selling the old land later. You are not eligible to get exemption U/s 54B in respect of the land so purchased. .
CAclubindia
