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Sale of agriculture land

This query is : Resolved 

05 August 2014 Dear Sir/madam
If any agriculture land is sold during this financial year 2014-15,what are the taxation affects it will attract in every head of income and kindly suggest for TDS,self-assessment and advance tax too.

05 August 2014 if its agricultural land then no capital gainj shall arise as its not a capital asset

05 August 2014 you have to check whether this is rural ag land or urban ag land. If it is rural ag land- no capital gain. If it is not rural ag land, its tax ability depends on certain conditions. So clarify whether it is rural or not rural ag land


05 August 2014 you have to check whether this is rural ag land or urban ag land. If it is rural ag land- no capital gain. If it is not rural ag land, its tax ability depends on certain conditions. So clarify whether it is rural or not rural ag land

05 August 2014 Thankyou very much sir to both of you

05 August 2014 you are welcome seema........................



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