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Income - Tax

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(Querist)
14 February 2011 Hi,Friends,

Is any tax liability accured, if the agriculture land is sold out in the year 2011, Nr. bavla. worth Rs.75 Lacs.

Dt. of Purchase is not possible because its a ancent Land.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
14 February 2011 No tax on sale of agriculture land.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
06 November 2021 Being urban agricultural land, capital gain tax liability arises.
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