Easy Office
LCI Learning

Capital gain tax

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 November 2011 1. Is there capital gains tax applicable for agri lands ?
2. If applicable is there any guide lines for this?
3.Where can I get relevant details? Any reference books or from internet?
A quick reply will help very much/

Thanks
Profile Image

CA Hardik Bunha

Profile Image

CA Hardik Bunha (Expert)
19 November 2011 Yes capital gain tax apply on sale of agriculture land. refer section 45.
You can refer law and practice or mukesh patel for better view.
if u have africulture land and u sold it then u should buy other agriculture land so that whole gain arise will be exempt u/s 54B
Profile Image

CA AYUSH AGRAWAL

Profile Image

CA AYUSH AGRAWAL (Expert)
20 November 2011 Not Applies to Rural Agriculture Land
Sec 45 Applicability
VK Singhania
Upgrade to CAclubindia Pro. Subscribe Now!


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



Live Budget News and Updates

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