Sale of Agricultural land

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..... If on sells Agricultual land ( not a capital asset being situated beyond 8km from municpility and population less than 10000 ), but sale deed is prepared as Industrial land ( to save stamp duty on pur .....

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..... chase of land for industry as per state policy). Whether sale of land will be exempt or not ? - Reply By Amit Sharma - The Reply = Industry can be established at any area i.e. may be rural area or ur .....

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..... ban area. Further you have sold agriculture land which is not a captial assets for the purpose of capital gain. Generally registry done by purchasing party not by selling party. If documents or khated .....

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..... ari of land shows that it is a agriculture land which situated at rural area ( as specified in Income Tax Act) then you can claim exemption. - Sale of Agricultural land - Query Started By: - deepak .....

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..... gulati Dated:- 20-11-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmana .....

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..... gement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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