TMI Blogcapital gainX X X X Extracts X X X X X X X X Extracts X X X X ..... namaskar, an agrivultural land is sold by dividing it into three parts and as a result three registered deeds were made..is this liable to capital gain.? - Reply By SANJAY DAVE - The Reply = If thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s land is an agriculture land within meaning of section 2 (14)(iii) of the IT Act, 1961 , and continues to remain so even after division in to 3 parts, then there will be no capital gains tax since ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it will not fall under definition of term Capital Asset u/s 2 (14) of the Act. U/s 45 CG are chargeable on transfer of a Capital Asset only. - Reply By kiran kumar - The Reply = where the agri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cultural land is situated ? is it rural agri land or urban agri land? if rural agri land no capital gain will attract. - capital gain - Query Started By: - ajay sajwan Dated:- 12-8-2014 Income Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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