Gain on sale of rural agricultural land
Atharv Sankliya (1359 Points)
21 May 2023
what is the tax treatment of gain arising from. sale of rural agricultural land??
2 Replies
sabyasachi mukherjee
(27719 Points)
Replied 21 May 2023
Urban and rural has different aspects
urban agricultural land is taxable
rural is nor.
urban agricultural land is taxable
rural is nor.
CA Deepti Mainkar
(Chartered Accountant)
(29 Points)
Replied 25 May 2023
Sale proceeds from Rural agriculture land is not taxable.
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