Upgrad LLM

farmland taxation


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

 
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Lawyer at Supreme Court of India

Dear, I think long term capital gain. Yes taxable. Advocate kapil chandna.9899011450

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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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