Agriculture land
YAGNESH HASMUKH DAVE
(Querist) 10 November 2014
This query is : Resolved
i am having agriculture land which is situated within 3km to 4km from grampanchayat office and population of village is 5000/-
The said land i am selling whether capital gain tax atttracts on sale of said land or exempted pl explain
Suhail A.Siddiqui
(Expert) 11 November 2014
Consult to tax adviser apparently it is not taxable.
T. Kalaiselvan, Advocate
(Expert) 16 November 2014
You may consult a local consultant for proper advise on the subject which will be advised as per local land laws.