Incometax
This query is : Resolved
21 July 2018
I HAVE SOLD ANCESTRAL AGR LAND ON 25/07/2017 THE SAID AGR LAND IS SITUTATED DISTANCE OF 3KM FROM GRAMPANCHAYAT OFFICE & POPULATION OF THE VILLAGE IS 2500
WHETHER THE SALE PROCEEDS OF THE SAID LAND IS TAXABALE UNDER CPAITAL GAIN OR NOT
PL EXPLAIN ME
WHETHER THE SALE PROCEEDS OF THE SAID LAND IS TAXABALE UNDER CPAITAL GAIN OR NOT
PL EXPLAIN ME
21 July 2018
Not taxable under capital gains as land is situated in a village of population less than 10000.
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