Exemption u/s 54B mandates - Capital gain on transfer of land ...

Section 54B Exemption: No Need for Agricultural Use in Last 2 Years for Capital Gains on Land Transfer.

February 17, 2015

Case Laws Income Tax AT

Exemption u/s 54B mandates - Capital gain on transfer of land used for agricultural purposes - This section nowhere talks that the land must be used for agricultural purpose at any time in the preceding two years from the date when the transfer took place. - AT

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Exemption u/s 54B mandates - Capital gain on transfer of land ...

Section 54B Exemption: No Need for Agricultural Use in Last 2 Years for Capital Gains on Land Transfer.

February 17, 2015

Case Laws Income Tax AT

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