P.Mishra (Accountant) (155 Points)
01 March 2013
Sanjay Singh Rana
(CA)
(208 Points)
Replied 01 March 2013
Hi there,
Here is the answere for you query
1. Income from House Property.
P.Mishra
(Accountant)
(155 Points)
Replied 01 March 2013
P.Mishra
(Accountant)
(155 Points)
Replied 01 March 2013
CA Deepak Rathore
(EXPERT)
(281 Points)
Replied 02 March 2013
i think sale of agriculture is taxable until n unless it satisfy the cond. of 54b
Sanjay Singh Rana
(CA)
(208 Points)
Replied 02 March 2013
When rural agricultral land is not an capital asset how can u calculate capital gain on it ?
and deepak ji as per Section 54B deals with CAPITAL GAIN ON TRANSFER OF LAND
USED FOR AGRICULTURAL PURPOSES ( that is urban agricultural land not rural).
In case ur agricultural land is situated in urban area then capital gain arising on it will be taxable.
CA Deepak Rathore
(EXPERT)
(281 Points)
Replied 03 March 2013
ok, nothing is mention ithere so i hav assumed it as urban
P.Mishra
(Accountant)
(155 Points)
Replied 06 March 2013
CAclubindia
