Short term capital gain
This query is : Resolved
23 March 2012
IN THE DIFFINATION OF CAPITAL ASSETS "AGRICULTURE PROPERTY" EXCLUDED.
MY CLIENT SALE AGRICULTURE PROPERTY BEFORE 3 YEAR .
WHETHER SHORT TERM CAPITAL GAIN APPLICABLE ON PROFIT ON SALE OF AGRICULTURE PROPERTY ?
MY CLIENT SALE AGRICULTURE PROPERTY BEFORE 3 YEAR .
WHETHER SHORT TERM CAPITAL GAIN APPLICABLE ON PROFIT ON SALE OF AGRICULTURE PROPERTY ?
24 March 2012
Dear Tarun jain
If the agr Land is situated in rural area than no capital gain will be attracted, otherwise its a short term capital gain. Kindly see the land papers to confirm the same.
If the agr Land is situated in rural area than no capital gain will be attracted, otherwise its a short term capital gain. Kindly see the land papers to confirm the same.
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