Regarding capital gain
This query is : Resolved
03 December 2014
whether exemption will be available u/s 54B of income tax act on sale of one agriculture land and investment made or purchase of two agriculture land with effect from 01/04/2014
03 December 2014
Agricultural land is exempted from capital gains tax.
03 December 2014
54B is a judgement call. The cases revolve around SINGULAR or PLURAL.
There are liberal views taken by some High Courts but the RISK exists.
There are liberal views taken by some High Courts but the RISK exists.
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