Hi,
I bought a farmland in 1996 and now I want to sell to pay my mortgage loan, the value has increase 20folds now for the farmland. Will there be any tax on it?
Tks
Robin
Robinson Victor (None) 07 September 2014
Hi,
I bought a farmland in 1996 and now I want to sell to pay my mortgage loan, the value has increase 20folds now for the farmland. Will there be any tax on it?
Tks
Robin
Kappil Cchandna (Expert Bail & Criminal Defence Lawyer at Delhi Supreme Court of India) 07 September 2014
CA Sunil Gupta (Prop.) 08 September 2014
income taxable in the head of capital gain (long term capital gain)
and exemption available on this income
CA Sunil Gupta
Mob. 9990816439
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