cApital gain
ravi shankar (57 Points)
03 October 2017
explain difference between cApital gain on sale of urban and rural land
3 Replies
rama krishnan
(12239 Points)
Replied 03 October 2017
unless it is agricultural land there's no difference between urban and rural land
Krishna Sarma
(Article Assistant)
(74 Points)
Replied 03 October 2017
No differences for land situated in rural or urban area unless it is used for agricultural purpose.
Srikanth Yekkaldevi
(179 Points)
Replied 03 October 2017
* capital gains on transfer of rural agriculture land is not taxable .
* capital gains on transfer of urban agriculture is fully taxable , but you can take exemption under sec 54B by purchasing agriculture land ( rural or urban ) within 2 years from date of transfer .
* if land is not related to agriculture then capital gains on transfer of such land is fully taxable .
* capital gains on transfer of urban agriculture is fully taxable , but you can take exemption under sec 54B by purchasing agriculture land ( rural or urban ) within 2 years from date of transfer .
* if land is not related to agriculture then capital gains on transfer of such land is fully taxable .
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