Property law
yagnesh dave
(Querist) 01 August 2015
This query is : Resolved
I AM HAVING AGRICULTURE LAND DISTANCE AT 11KMS FROM GRAMPANCHAYAT /MUNCIPALITY OFFICE AND POPULATION IS 10,000/- WHETHER ON SALE OF AGRICULTURE LAND CAPITAL GAIN TAX ATTRACT OR NOT PL REPLY
Anirudh
(Expert) 01 August 2015
The distance is not to be measured from the Municipality Office, but from the t of the Municipal Limit.
Only if the land is situated beyond 2 Km. from the boundary (i.e. the limits) of the Municipality, then the said land would be treated as Agricultural land otherwise not.
In otherwords, if the land is within 2 Kms. distance from the municipality limits then it is not Agricultural land.
On the above basis only if it is an Agricultural then it will not be a 'Capital Asset' and therefore would not attract Capital Gain, otherwise it will attract capital gain.
Rajendra K Goyal
(Expert) 01 August 2015
What is the distance of Municipality / panchayat limit from your land?
You can visit local revenue office to find the exact position.
Guest
(Expert) 01 August 2015
For a Professional Advise from Practising and Experienced Chartered Accountants Place your Query in the CA Club of this Same Forum Whose E Mail ID is Just below in this Thread.Your Query would be Sorted out with out Assumptions.
Anirudh
(Expert) 02 August 2015
Yes, even where the language is plain and unambiguous, the moment it relates to TAX approach the CA Club. Please realise, it is the lawyers who appear before the HC and SC in the TAX matters and not the Chartered Accountants. The judges sitting in the Court are not always CAs, still they interpret the law and give decisions. They do not approach any CAs before arriving at the decision!
Guest
(Expert) 02 August 2015
In the Criminal Matters an aggrieved person can invoke the jurisdication of High Court by Appeal or a Revised Petition as the case may be.In the matter of Direct Taxes the Aggrieved Person Can Approach the High Court in Sec 256 of Incometax Act 1961,Sec 26 of Gift Tax Act 1958,Sec 27 of Wealth Tax Act 1957,Sec 130 of Customs Act !962 Etc.An aggrieved person may as well invoke the jurisdication of High Court under Act 226 of the Constitution Complaining Breach of Fundamental Rights or for Any other Purpose.For your Query the Professional CA would be the right Person for a Perfect Reply.
Anirudh
(Expert) 02 August 2015
The right of the individual to appear in person is universal and not restricted to criminal matters or only tax matters.
The question here is that the aggrieved person is ignorant and seeks a view to his doubt. How that ignorant person will perform in the Court?
Can you say that the CA Club can give answer without knowing the distance of the land from the Municipal Limit?
Guest
(Expert) 02 August 2015
Dear Author I am Confident you would get a Perfect,Precise and Excellent Reply from CAs of CA Club than dragging yourself to Courts Here.
Anirudh
(Expert) 02 August 2015
Only those people who are not comfortable in handling queries related to TAX direct the queries to other Websites!
Without even knowing in the first place whether the answer provided here is correct or not, to say that one would get Perfect, Precise and Excellent Reply in another site is still worse!
I remember a saying a blind leading another blind.
Guest
(Expert) 02 August 2015
Dear Author,Always be careful with Jacks of All Trades.The Last sentence of their Last Post Precisely and Excellently Suits Themselves
Anirudh
(Expert) 02 August 2015
The querist will definitely know who is correct here.
Guest
(Expert) 02 August 2015
Ofcourse Please
Guest
(Expert) 02 August 2015
A perfect reply from Professional Chartered Accountants would be always better than inviting the Querists to the Courts
Guest
(Expert) 02 August 2015
Anirudh is Strictly Warned Not to Make any Defamatory Statements/Comments about Honourable Judges It is a Very Serious Offence.He is doing this Since he had Not given any details about him self in the Profile.He is Fit to be booked Under Sec 200 and 156(3) of Cr.P.C read with Sec 153(A).153(B) ,292 ,293,295(A),298,109.500.and 120B of IPC for his Defamatory Statements/ Comments.
Anirudh
(Expert) 02 August 2015
Who are you my foot to warn me?
If anybody initiates contempt action against me I am quite capable to handle / meet the same. If you have guts book me in whatever section. Let me see. I will not get intimated by all your hullo bullos.
Guest
(Expert) 02 August 2015
Un Due Advantages of Anirudh being Anonymous Clearly Exposed
Anirudh
(Expert) 02 August 2015
Yes, if at all anything is exposed it is Your unimplementable false threats. Better load your brain before opening your mouth.
Guest
(Expert) 02 August 2015
Dear Mr/Mrs/Miss Anirudh You are Not Supposed to Make Any Defamatory Statements/Comments about our Honourable Judges .
Anirudh
(Expert) 02 August 2015
I don't need to learn this after all from you. Please do not try to elucidate something whose meaning you don't even understand.
Guest
(Expert) 02 August 2015
Instead of Justifying their Act Anonymous Anirudh should Stop Making Defamative Statements against Honourable Judges .
Anirudh
(Expert) 02 August 2015
You don't know anything further therefore repeating like a broken gramaphone record.
Guest
(Expert) 02 August 2015
You have placed a Defamation Statement/Comment about our Honourable Judges.I am only Concerned about that.
Anirudh
(Expert) 02 August 2015
If that is your great understanding then better be concerned. I don't care.
Guest
(Expert) 02 August 2015
Even after placing a Defamative Statement/Comment about Honourable Judges You are making above statements only for the reasons that No Details about you are in the Profile.Just give me your address please.
Anirudh
(Expert) 02 August 2015
So, only that much your knowledge of law!
Guest
(Expert) 02 August 2015
You had insulted and made a Defamative Statement/Comments about Honourable Judges and You are Escaping just being Anonymous.Any How Your "CARE" and Guilt is Obvious.
T. Kalaiselvan, Advocate
(Expert) 11 August 2015
Let the experts not indulge in brick bats or exchange of spats. The author has long forgotten his query but the experts are still fighting for good for nothing reasons.
Guest
(Expert) 11 August 2015
Could Mr.T.Kalai Selvan Brief about his Mid Night Advises.Could Very Well Learned Very Senior Very Good For Every Thing Expert Reason Out the Good For Nothings Here.
