Menu
Capital gain tax
Hey,
If Agriculture Land hold by assessee since 1992-93 now in 15-16 he converted this land to Non Agriculture land & sold within 1 month from the date of conversion. Now my query is that whether party is liable for Short Term Capital Gain or Long term Capital Gain. (please provide any judgement regarding the same if any).
Replies (1)
Difference in value of the land from 92-93 till date as of AGRICULTURAL status can be taken as Long Term Cap gain
Recent Threads
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
Related Threads
CAclubindia
