11 March 2012
if i sale agri land in city (nagar palika) at rs 3500000/- how much tax have to pay i have purchased land in 1978 or how can i save tax can i save tax in huf file
12 March 2012
Agriculture land which is being situated in urban areas covered under the definition of capital asset. ' ' Amount of tax depends on the market value of land on 1980. ' ' You can save your tax by buying another agriculture land or a residential House property or REC/NHAI bonds..
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