Land Purchased on 24/02/2011 and sold on 14/02/2014. Is it Long Term Capital Asset or Short Term Capital asset?
Capital gain
Dikshit Jain (Article Assistant) (38 Points)
24 December 2014
1 Replies
Ganeshan
(Student CA Final )
(30 Points)
Replied 24 December 2014
Short Term Capital Asset. If land is Rural Agricultural Land then its not a capital assets
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