Demerger company sale in his agri land in portial, Capital gain details?

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..... Demerger company sale in his agri land in portial, Capital gain details?
Query (Issue) Started By: - Padmanaban K Dated:- 13-4-2016 Last Reply Date:- 10-9-2016 Corporate Laws / SEBI / LLP
Got 2 .....

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..... Replies
Companies Law
Company demerge in March 2015, and April 2016 the company sale in portion of Agri land. What in capital gain and further auction by income tax? Reply By Ganeshan Kalyani: .....

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..... The Reply: The date of acquisition shall be the purchase date of the demerged company. Accordingly the period has to be calculated for short term or long term capital goods. Thanks. Reply By MARIAP .....

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..... PAN GOVINDARAJAN: The Reply: If the agricultural land is in rural area short term capital gains is exempted.
Discussion Forum - Knowledge Sharing .....

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