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Capital gain

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(Querist)
01 May 2014 under which section profit from sale of rural agricltural land is exempt?
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Harsha goyal

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Harsha goyal (Expert)
01 May 2014 section 2(14)(iii) of income tax act.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
01 May 2014 please note that section 2(14) only defines agriculture land. exemption is under 10(1)
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