Tax on sale agriculture land in rural area
Rahul Kondawar (13 Points)
28 February 2018
How much tax I need to pay as I selling agriculture land in rural area in Rs.60 lakhs
2 Replies
pankaj
(a)
(1262 Points)
Replied 28 February 2018
no tax payable bcz agriculture land in rural area is not a capital asset.
Krishan kant
(student)
(600 Points)
Replied 05 March 2018
agreed with mr pankaj as per section 2 (47)
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