if assessee sold a plot (i.e. RURAL land/plot) (but not a agriculture land) .. in that case is it capital assets or not u/s 2(14) ?
vikash mangal
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capital gain
Replies (1)
Dear Vikash.........
Transfer of Rural agricultural Land is Exempt from tax and not simply Rural Land.........
Transfer of Rural Land is therefore taxable as it is a capital asset u/s 2(14)..........
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