Short term Capital Gain on agriculture land
598_Mihir Shah (12 Points)
13 October 2021598_Mihir Shah (12 Points)
13 October 2021
ajeet singh
(1392 Points)
Replied 13 October 2021
sabyasachi mukherjee
(27292 Points)
Replied 14 October 2021
598_Mihir Shah
(12 Points)
Replied 14 October 2021
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 14 October 2021
All the rural agriculture lands are outside the preview of capital assets as per section 2 (14) IT act
hence if your land is situationed in urban area . than it is taxable.
in my view all the land situtaion in NCR is urban agriculature land.
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