capital gain

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... capital gain
Query (Issue) Started By: - Arup Dey Dated:- 3-5-2013 Last Reply Date:- 28-5-2013 Income Tax
Got 1 Reply
Income Tax
Dear sir, I have a question about capital gain.Suppose Mr. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 is no more.Mr.A sell those land,now how to calculate capi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tal 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). Reply By CA GOPALJI AGRAWAL: The Reply: If it is an agricultura .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... l land satisfying the conditions for ag. land, then no income would be taxable from transfer of such land.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X