Income tax on captial gain on,sale of agricultural urban land
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2015
Hi,
i sold urban agricultural land for rs ten lakhs in2012 and purchase residential land in,2015 (with in three years )should i get exemption on money that i got by sell of agricultural land or not
i sold urban agricultural land for rs ten lakhs in2012 and purchase residential land in,2015 (with in three years )should i get exemption on money that i got by sell of agricultural land or not
01 August 2015
Though you were eligible for section 54F exemption since house was purchased beyond two years of transfer of agricultural land you are not entitled to claim said exemption.
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