Ltcg applicability
This query is : Resolved
06 May 2013
Dear Expert,
An assessee has agricultural land situated beyond 8 kms from nearest town and this place has a population of less than 10,000. Will Long term capital gains be applicable on the sale of this land?
An assessee has agricultural land situated beyond 8 kms from nearest town and this place has a population of less than 10,000. Will Long term capital gains be applicable on the sale of this land?
06 May 2013
NO IT IS NOT A CAPITAL ASSET
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