Sale proceeds of agriculture land
S. Subramanian (Senior Manager (Finanance and Accounts)) (34 Points)
07 November 2019
sale proceeds of Rural agriculture land taxable under it Act
2 Replies
Rahul Singh Randhawa
(CA Final Aspirant)
(60 Points)
Replied 07 November 2019
If it is rural agricultural land, then its proceeds exempt under section 10(1)
If it is urban agricultural land then it is taxable under the head capital gain (if it is not your stock in trade) otherwise it would be taxed under PGBP.
If it is urban agricultural land then it is taxable under the head capital gain (if it is not your stock in trade) otherwise it would be taxed under PGBP.
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