capital gain

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..... Dear sir, I have a question about capital gain.Suppose Mr.A get some agricultural land from his father mr.B . mr.B also got those lands from his father.I mean these lands are all family asset.Now Mr.B .....

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..... is no more.Mr.A sell those land,now how to calculate capital gain from this type of selling,where no purchase value is avaiable.These lands are far away from urban area(mean more than 8 k.m). - Repl .....

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..... y By CA GOPALJI AGRAWAL - The Reply = If it is an agricultural land satisfying the conditions for ag. land, then no income would be taxable from transfer of such land. - capital gain - Query Starte .....

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..... d By: - Arup Dey Dated:- 3-5-2013 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - .....

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..... taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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