Capital gains or pgbp
This query is : Resolved
18 December 2018
I want to change rural agriculture land into plots.the fair market value of Agricultural land is so low when compare to the FMV of Plots. for CG Calculation can we consider the FMV of Agricultural land and for PGBP we can consider the FMV of plot. how to treat the tax calculation which was beneficial to the Assesses.
Thanks in advance.
Thanks in advance.
18 December 2018
no, you cannot that. once you change the nature of the land to non-agriculture, you gotta use the non-agricultural value of the plots.
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