Easy Office
LCI Learning

Incometax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 July 2012 SALE OF AGRICULTURE LAND WITHIN 1 YEAR IS EXEMPT BEING AGRICULTURE LAND OR TAXABLE. THE LAND IS BEYOND 8 KMS FROM GRAMPANCHAYAT & POULATION IS ALSO BELOW TEN THOUSHAND PLEASE EXPLAIN
Profile Image

CA Hardik Bunha

Profile Image

CA Hardik Bunha (Expert)
28 July 2012 It will not be a capital asset u/s 2(14) hence gain from agriculture land will be treated u/s 10(1).
Profile Image

CA mahesh birla

Profile Image

CA mahesh birla (Expert)
29 July 2012 agree with hardik, gain from sale of purely agreeculture land is not capital gain, it will cover in u/s 10(1)
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links