My Client has purchased an Agricultural Land in Rural Area since more than 25yrs. Is there any tax payable on the same other than Capital Gain on sale of such Rural Agricultural Land?
Will that be treated as capital receipt or liable to pay tax?
Is there any tax on sale of rural agricultural land?
Mehul Bhanushali (CA in Practice) (174 Points)
27 July 2015
CAclubindia
