TMI BlogAddition being long term capital gain on sale of land - Once the area is within 8 kms from the Municipal...Addition being long term capital gain on sale of land - Once the area is within 8 kms from the Municipal limits, then even if the particular land is beyond that distance of 8 kms, it will not be excluded from the definition of capital asset being an agricultural land. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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