Capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2012
if there is a sale of agriculture land ,situated in area with pop less than 10000 & outside the municipal limits whether it is tax free or some other cond has to be satisfied for it being exempted.....?????
if there is diff of opinion regarding the taxability of the same , whether the advise fromt he ITax dept can be taken in this regard......if yes the process thereof.....
if there is diff of opinion regarding the taxability of the same , whether the advise fromt he ITax dept can be taken in this regard......if yes the process thereof.....
04 April 2012
If it is agricultural land than there is no Capital Gain tax applicable. The only condition is whether it is agricultural land or not.
CA CKP
Surat
9377897651
CA CKP
Surat
9377897651
04 April 2012
Agriculture land, if satisfy the definition criteria of as per Income tax act, then Capital Gain is exempt.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
