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sale of Agriculture land

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(Querist)
15 September 2010 Respected Experts,

Pls. guidance on Taxability on sale of Ancestral Agriculture land under Income tax act.

Pls. give reply along with some example.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
16 September 2010 tax can be calculated only when there would be sale. you can claim u/s 54 B.

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