Short term capital gain on agriculture land
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 November 2010
If a person bought an agriculture land which is situated outside the municipal limits and used for the agricultural purpose. But within six months of purchase the land, sold it to company and genrate short term capital gain. whether he has to pay short term capital gain tax on the profit earned
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