IF, IN A CASE THERE IS A SALE OF URBAN AGRICULTURAL LAND (long term), AND THE INDIVUVIAL HAS INVESTED THE SUM IN A FLAT (urban), SIX MONTHS ALSO ARE ELASPED............
ARE THERE ANY EXEMPTIONS
1 Replies
Adv Z H Shakir Shakir
(17 Points)
Replied 25 June 2018
sale of Agriculture land gives rise to capital gain if same is in urban area.. investment should also be made in new agriculture land only.. if invstt not made then sale consideration has to be deposited in capital gain acvount scheme on or before due date of filing return of income..
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