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Sriram.S   28 February 2023

Capital gains tax

Would be really happy to know if Capital gains on sale of agriculture land is applicable.


 2 Replies

Dr J C Vashista (Advocate)     01 March 2023

Post your query in CA Club.

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     01 March 2023

 as per section 10(37), no capital gain would be chargeable to tax in case of an individual or HUF if agricultural land is compulsorily acquired under any law and the consideration of which is approved by the Central Government or RBI and received on or after 01-04-2004.

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