Sir/Madam
One of our client sold his agricultural Land to a company which is going to start manufacturing of their business.
In this connection, will capital gain tax attract in the hands of transferror. Clarify.
1 Replies
Mihir
(Wealth Manager)
(5293 Points)
Replied 12 November 2014
If the land is proper agricultural land, the capital gain from sale is not taxable.
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