capital gain
ROHIT (PARTNER) (57 Points)
23 October 2018
agriculture land sale ? but land get in inheritance? which sec under deduction claim to exempt?
1 Replies
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 23 October 2018
Sec 54B says that in case the gain arises from transfer of a capital asset being land use for agricultural purposes shall be exempt if such gain is utilised to invest in another agricultural land within 2 years from the date of such transfer.
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